Payment Flow Schematic

The schematic below illustrates the payment routing of a typical Faster Payment that has been originated by Participant Bank A’s customer to Participant Bank B’s beneficiary as well as the responses/message flows supporting the underlying Faster Payment request.

Please also read our ‘Key Highlights’ section for further information or by clicking here.


  1. Customer of Direct Participant A initiates a Faster Payment Instruction to credit Customer of Direct Participant B
  2. Direct Participant A sends Faster Payment Message to credit customer of Direct Participant B
  3. Direct Participant B responds in Real-Time either acknowledging or rejecting payment request from Direct Participant A
  4. If acknowledged, Direct Participant B its customer’s account accordingly (normally real-time although it can sometimes take up to 2 hours subject to relevant fraud checks).
  5. Direct Participant A advises payment fate to its customer (whether its been acknowledged or rejected by Direct Participant B)