Press Releases

11th December 2018

Pay.UK’s Faster Payments team is today announcing the official launch of the anti-fraud Mule Insights Tactical Solution (MITS)

18th October 2018
  • Rules and standards for ‘Confirmation of Payee’ service released to the market
  • New service can help combat Authorised Push Payment fraud  
  • Research report sets out how users have influenced the design of the service  
18th October 2018

• Accompanying brand and logo also launched:     

Pay.UK logo

26th September 2018

We are very pleased to announce that The Access Bank UK has joined Faster Payments...

12th September 2018

Applications to join specialist advisory groups that will influence the future development of the UK’s shared retail payment infrastructure are now (Wednesday 12 September 2018) being welcomed by the New Payment System Operator (NPSO), the UK’s leading retail payment authority.

6th September 2018

Draft documentation and API sandbox launched to develop new way to manage bills

10th July 2018

Update - 0900, Thursday 12 July 2018

25th May 2018
  • Service has run 24/7 since the first payment was sent on Tuesday 27 May 2008
  • More than 9.1 billion payments worth over £7 trillion have been sent since launch
1st May 2018

Operational responsibility for the Bacs and Faster Payments systems, which process a combined £6.3 trillion worth of payments annually, has today (1 May 2018) transferred to the New Payment System Operator (NPSO).

18th April 2018

Faster Payments has today (Wednesday 18 April 2018) welcomed TransferWise as the first ever non-bank payment service provider (PSP) to directly connect and settle with its 24/7 real-time payment infrastructure.