Benefits of Membership

  • Direct participation in the service removes dependency on a sponsor bank
  • Faster Payments members don’t need to rely upon using Faster Payments services from other banks (such as settlement for Direct Agencies)
  • Real-time payment and receipt capability for customers
  • No dependency on third-party solutions
  • Members have a seat at Board, directly influencing the strategic direction of the Company
  • Access to industry-wide expertise through the Scheme’s committees
  • Contribute to making Faster Payments become an enhanced, more ubiquitous service proposition across the industry