Access Options

There are a number of ways for you to connect to Faster Payments either directly on indirectly. In addition to the different options outlined here, there are also a number of alternative technical solutions available commercially to enable you to participate in Faster Payments (please see section 'Vendor/Bureaux Options' for more information).  This section provides the options available in connecting to Faster Payments, therefore please feel free to explore each section or click on the links below for further details.

  • Direct Participation– Enables a PSP to connect directly into the Faster Payments Central Infrastructure to send and receive Faster Payments. Directly connected Participants also perform their own settlement with the Bank of England. Please click here for further details.
     
  • Direct Agency – As above, this option allows a PSP to connect directly into the Faster Payments Central Infrastructure via a sponsoring Participant that offer Direct Agency services. The sponsoring Participant will also perform Bank of England settlement on your behalf. Please click here for further details.
  • Indirect Agency – This option enables a PSP to connect via the sponsoring Participant own indirect agency offering that is connected to the central infrastructure on your behalf. The sponsoring Participant  will be able to provide various connectivity/service options in order for you to connect to that sponsoring Participant  to send and receive Faster Payments as well as it performing Bank of England Settlement on your behalf.
    Please click here for further details.
  • File Input Module (FIM) – FIM is aimed at PSP’s that require a file based solution to submit Faster Payments directly into the Central Infrastructure under sponsorship of a Participant offering FIM services. FIM payment files may contain payments from more than one originating customer account.
    Please click here for further details.