Press release
19 Jul 2017

“Demand for access to the UK’s main payment systems (Bacs, CHAPS, the Cheque and Credit Clearing Company, Faster Payments and LINK) has never been greater. Much progress has already been made in terms of improving communication and simplifying the ease of access for new participants.

Press release
12 Jul 2017

Faster Payments Scheme Limited (FPSL) is pleased to confirm that, with regard to the proposal to merge FPSL, Bacs and the Image Clearing System to form a single, new, retail payment system operator as recommended by the Payments Strategy Forum (PSF), the Competition and Markets Authority has decided not to refer the merger to a Phase 2 investigation.

Press release
21 Jun 2017

Faster Payments, the UK’s 24/7 real-time payment service, has launched a new Trust Service that will potentially cut the cost for challenger banks and others of obtaining the services that are essential to securely access the UK’s payments systems. 

Press release
04 May 2017

Faster Payments Scheme Limited welcomes the publication today (Thursday 4 May 2017) of the Payment System Operator Delivery Group’s report

Press release
28 Mar 2017

ClearBank®, the first clearing bank to enter the UK market in more than 250 years, has become a direct participant of Faster Payments, the UK’s 24/7 real-time payment service. 

Industry news
15 Feb 2017

Faster Payments has offered a credit transfer (push payment) service since launch in 2008. The Faster Payments Service now handles over 1.4 billion such payments worth over £1 trillion a year.

Press release
03 Feb 2017
  • Card & Payments Awards 2017 recognise groundbreaking achievement of the first new joiner of the scheme to use New Access Mode
Press release
10 Jan 2017
  • Free-to-use HTML resource is an important step in the drive towards adoption of the globally-recognised ISO 20022 standard