Press Releases

25th October 2017

With the SEPA Inst scheme for instant euro credit transfers due to go live from 21 November, the European Payments Council interviewed Craig Tillotson, Chief Executive of Faster Payments, to see what lessons can be drawn from the UK’s experience.

6th October 2017
  • Expression of Interest phase: the first of a three phase competition to renew and manage the Faster Payments infrastructure for up to 10 years.
  • Bidders will need to demonstrate commitment to excellence in payments processing.
22nd September 2017

This pamphlet has been developed collaboratively by the UK Interbank Payment System Operators – Bacs Payment Schemes Limited (Bacs), CHAPS, the Cheque and Credit Clearing Company, Faster Payments and LINK.

14th September 2017

The Faster Payments Standards Library has today announces significant enhancements to its service.

19th July 2017

“Demand for access to the UK’s main payment systems (Bacs, CHAPS, the Cheque and Credit Clearing Company, Faster Payments and LINK) has never been greater. Much progress has already been made in terms of improving communication and simplifying the ease of access for new participants.

12th July 2017

Faster Payments Scheme Limited (FPSL) is pleased to confirm that, with regard to the proposal to merge FPSL, Bacs and the Image Clearing System to form a single, new, retail payment system operator as recommended by the Payments Strategy Forum (PSF), the Competition and Markets Authority has decided not to refer the merger to a Phase 2 investigation.

21st June 2017

Faster Payments, the UK’s 24/7 real-time payment service, has launched a new Trust Service that will potentially cut the cost for challenger banks and others of obtaining the services that are essential to securely access the UK’s payments systems. 

4th May 2017

Faster Payments Scheme Limited welcomes the publication today (Thursday 4 May 2017) of the Payment System Operator Delivery Group’s report ‘New Payment System Operator’.

28th March 2017

ClearBank®, the first clearing bank to enter the UK market in more than 250 years, has become a direct participant of Faster Payments, the UK’s 24/7 real-time payment service. 

3rd February 2017
  • Card & Payments Awards 2017 recognise groundbreaking achievement of the first new joiner of the scheme to use New Access Mode