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Media
This pamphlet has been developed collaboratively by the UK Interbank Payment System Operators – Bacs Payment Schemes Limited (Bacs), CHAPS, the Cheque and Credit Clearing Company, Faster Payments and LINK.
The Faster Payments Standards Library has today announces significant enhancements to its service.
The Faster Payments Scheme has taken an important step forward to making multi-million pound payments possible in the future.
“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.
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.
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.
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.