Sterling Fnality Payment System: Difference between revisions
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imported>Doug Williamson (Create page - source - PSR - https://www.psr.org.uk/publications/annual-plans-and-reports/payment-systems-regulator-annual-plan-and-budget-2023-24/) |
imported>Doug Williamson (Mend link.) |
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*[[Competition]] | *[[Competition]] | ||
*[[Distributed ledger]] | *[[Distributed ledger]] | ||
*[[Fnality]] | *[[Fnality International]] | ||
* [[Interbank Funds Transfer System]] | * [[Interbank Funds Transfer System]] | ||
* [[Payment infrastructure]] | * [[Payment infrastructure]] | ||
Revision as of 08:45, 23 April 2023
Distributed ledger - payment systems - Fnality - UK.
The Sterling Fnality Payment System uses Distributed Ledger Technology to transfer funds.
It is primarily focussed on wholesale and high value payments, backed by central bank money.
Source: UK Payments Systems Regulator.
- Fnality and other payment systems could promote competition
- "[In 2023/24 we will] develop our approach to regulating the Sterling Fnality Payment System...
- The emergence of designated payment systems such as Sterling Fnality could present alternatives to the existing payment systems.
- This may promote competition within the market."
- UK Payments Systems Regulator - Annual Plan 2023/24 - p44.
See also
- Central bank money
- Competition
- Distributed ledger
- Fnality International
- Interbank Funds Transfer System
- Payment infrastructure
- Payment service provider
- Payment system
- Payment Systems Regulator (PSR)
- Sterling
- Wholesale
