24 Sep 2018

Initial details of a new procurement process for the clearing and settlement layer that will form the backbone of the New Payments Architecture (NPA) have been announced today,

Press release
12 Sep 2018

Applications to join specialist advisory groups that will influence the future development of the UK’s shared retail payment infrastructure are now (Wednesday 12 September 2018) being welcomed by t

Press release
06 Sep 2018

Draft documentation and API sandbox launched to develop new way to manage bills

Press release
10 Jul 2018

Update - 0900, Thursday 12 July 2018

Industry news
08 Jun 2018

This month service users will have a chance to respond to a Bank of England consultation on a move to new global messaging standard.

Press release
25 May 2018
  • Service has run 24/7 since the first payment was sent on Tuesday 27 May 2008
  • More than 9.1 billion payments worth over £7 trillion have been sent since launch
Press release
01 May 2018

Operational responsibility for the Bacs and Faster Payments systems, which process a combined £6.3 trillion worth of payments annually, has today (1 May 2018) transferred to the New Payment System Operator (NPSO).

Press release
18 Apr 2018

Faster Payments has today (Wednesday 18 April 2018) welcomed TransferWise as the first ever non-bank payment service provider (PSP) to directly connect and settle with its 24/7 real-time payment infrastructure.