Payment Flow Schematic


  1. FIM Submitter creates ISO8583 formatted Faster Payments credit file for submission to FIM Module
  2. FIM Module extracts file into individual payments for onward submission to FP Central Infrastructure
  3. FP Central Infrastructure sends authorisation request to FIM Sponsor Participant for authorisation
  4. If Authorised FP Central Infrastructure continues to process payment request with onward transmission to Faster Payments Recipient Participant 
  5. If acknowledged, Faster Payments Recipient Participant credits its customers account accordingly (normally real-time or up to 2 hours subject to relevant fraud checks)
  6. FIM Submitter receives input report to reconcile Faster Payments file submitted