About Us

Faster Payments is owned and operated by leading retail payments authority Pay.UK, the company also responsible for Bacs payments and cheques, as well as related services such as mobile app Paym, the Current Account Switch Service, and many others. 

Faster Payments enables mobile, internet, telephone, and standing order payments to move quickly and securely between UK bank accounts, 24 hours a day.  

If you are interested in participating in the Faster Payment System or for details of which organisations are direct participants see our parent site wearepay.uk, where you will also find more general information on the UK’s retail payment services.