Faster Payments Service: Difference between revisions

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* [[CPA]]
* [[CPA]]
* [[Electronic commerce]]
* [[Electronic commerce]]
* [[ERPS]]
* [[Faster Payments Scheme]]
* [[Faster Payments Scheme]]
* [[IMPS]]
* [[IMPS]]

Revision as of 15:57, 12 October 2016

(FPS).

UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days.

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.


See also


Other links

UK Faster Payments Service, ACT Briefing note, 2008