Direct Agency

Direct Agency enables a PSP to connect directly into the Faster Payments Central Infrastructure whereby the sponsoring participant that offers Direct Agency services will perform Bank of England settlement on behalf of the Direct Agency.

Below is the high level overview for Direct Agency illustrating the roles of the sender, beneficiary and Direct Agency and Direct Agency Sponsor Participant in the Faster Payments chain.  For details of sponsor options available, please click here

To view the payment flows in this model, please click the payment flow schematic in the menu bar to the left of this page.