Decision Maker Process

In line with the Scheme Rules (Section 3), it is the responsibility of the Faster Payments Scheme Managing Director (‘MD’) and one Independent Non-Executive Director (‘INED’) of FPSL, in their capacity as “Decision Makers” to make a decision on whether to grant access to the prospective participant.  This decision is informed by a set of key criteria.  By following the key criteria check points throughout the process, the Decision Makers will be able to make a balanced and structured decision on whether to approve/reject the prospective participants’ intent of joining the scheme