imported>Doug Williamson |
imported>Doug Williamson |
Line 1: |
Line 1: |
| (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]]
| |