Faster Payments Service and Favourable: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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(FPS).  
Favourable is the opposite of ''adverse''.


UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days.
For example in management accounting, favourable variances are good news, while adverse variances are bad new
 
It allows credit transfers and standing orders to be paid in near real time.  There is a maximum transaction amount.  It is operated by VocaLink 24 hours a day, 7 days a week.
 
 
:<span style="color:#4B0082">'''''Instant payments for corporates?'''''</span>
 
:"... in a live proving exercise a [UK] Faster Payment valued in the tens of millions of pounds was sent and received.
 
:In comparison, SCT Inst has started with a EUR 15,000 limit, and the US Real-time Payments System caps transactions at USD 25,000."
 
:''The Treasurer magazine, April 2018, p23 - In Search of the Tipping Point.''




== See also ==
== See also ==
* [[BACS]]
* [[Adverse event]]
* [[C&CCC]]
* [[Variance]]
* [[Clearing House Automated Payment System]]
* [[B/(W)]]
* [[CPA]]
* [[Risk averse]]
* [[Electronic commerce]]
* [[Variance analysis]]
* [[ERPS]]
* [[Faster Payments Scheme]]
* [[Immediate payments and the impact on corporate treasurers]]
* [[IMPS]]
* [[LVPS]]
* [[NPP]]
* [[Pay.UK]]
* [[Payments and payment systems]]
* [[PSP]]
* [[Real-time Payments]]
* [[Single Euro Payments Area]]  (SEPA)
* [[Single Immediate Payment]]
 
 
===Other links===
[http://www.treasurers.org/node/2932 UK Faster Payments Service, ACT Briefing note, 2008]
 
[[Category:Cash_management]]

Revision as of 09:04, 18 December 2016

Favourable is the opposite of adverse.

For example in management accounting, favourable variances are good news, while adverse variances are bad new


See also