Press Releases

6th December 2016

Metro Bank, the revolutionary high street bank, has become a fully operational participating financial provider of Faster Payments, the UK’s 24/7 real-time payment service.

20th September 2016

Faster Payments is supporting the launch of a major new campaign designed to tackle financial fraud. 

15th September 2016

Faster Payments Scheme Limited (FPSL) has today (Thursday 15 September 2016) published its response to the Payments Strategy Forum’s draft strategy, ‘Being responsive to user needs’

11th August 2016
  • Raphaels becomes first new direct participant of scheme since launch

Raphaels Bank has today (Thursday 11 August 2016) become the first new fully operational participating financial provider of Faster Payments, the UK’s 24/7 real-time payment service. 

29th July 2016

Nick Caplan, Independent Chair of Faster Payments Scheme Limited said:
“Faster Payments welcomes the publication of the PSR’s Final Report: Market review into the ownership and competitiveness of infrastructure provision. The objectives of the review align with our own ...

21st July 2016

Craig Tillotson, Chief Executive of Faster Payments, said:

“Customer demand for real-time payments means the importance of opening up access to our world-leading service has never been more important...

13th July 2016

Craig Tillotson, Chief Executive of Faster Payments Scheme Limited (FPSL), said:
 
“We welcome the work of the Payments Strategy Forum regarding the publication of this first draft of the strategy for payments in the UK....

30th June 2016
  • The New Access Model has reached critical mass as a fifth Fintech gains technical accreditation, with more in the pipeline 
  • Direct participation is planned to double by the end of 2017 with four new participants already preparing to join this year
  • Bank of England new settlement policy set to further expand direct participation
29th March 2016
  • First two FinTechs gain accreditation ‘trust mark’ as technical aggregators 
  • Four more in process and expected to follow over coming months 
  • Tender for new cloud-hosted accreditation service won by Ascert Ltd, cutting the time taken to complete end-to-end tests to 15 minutes
11th March 2016

Craig Tillotson, Chief Executive of Faster Payments said:

“Faster Payments welcomes the analysis and findings of the PSR’s report and it is particularly pleasing to note its recognition of the tangible progress made by the Faster Payments access programme over the past two years. We have engaged with more than 60 payment service providers (PSPs) and nearly 40 FinTech vendors...

Pages