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- Faster_Payments_Service abstract "Faster Payments Service (FPS) is a UK banking initiative to reduce payment times between different banks' customer accounts from three working days using the long-established BACS system, to typically a few hours. CHAPS already provides limited faster-than-BACS service (by close of business that day) for 'high value' transactions, while FPS is focused on the much larger number of smaller payments, subject to limits that depend on the individual banks, with some allowing Faster Payments of up to £100,000. The service claims to be \"the only UK payment system available [24/7, for] personal and business customers ... simply, quickly and reliably.\" Transfer time, while expected to be short, is not guaranteed; nor is it guaranteed that the receiving institution will immediately credit the payee's account.Nine banks and one building society, accounting for about 95 percent of payments traffic, initially committed to use the service; as of May 2015 there continued to be ten members. For smaller organisations such as building societies and savings institutions, a deposit-only service is available through agency arrangements with a member. There had been few announcements regarding charges for Faster Payments; it had been expected to be around £1-£5 for immediate payments by business users. No retail bank currently charges personal customers for this service (with non-guaranteed transfer time), nor as of 2010 was there any sign this would change.FPS was officially launched on 27 May 2008 (though testing the previous week allowed users to process very small value (1p) transactions as 'faster payments') for non-scheduled, 'immediate' payments (about 5 percent of traffic) only, with access for future-dated payments and standing orders from 6 June. In practice the service was severely limited by the approach of individual member banks to its adoption (see Implementation). A general online Sort Code Checker was made available by APACS shortly ahead of launch, which shows whether a specific sort code is able to receive Faster Payments.".
- Faster_Payments_Service thumbnail Faster_Payments_logo.svg?width=300.
- Faster_Payments_Service wikiPageExternalLink sort_code_checker.
- Faster_Payments_Service wikiPageExternalLink www.vocalink.com.
- Faster_Payments_Service wikiPageID "8387400".
- Faster_Payments_Service wikiPageLength "11235".
- Faster_Payments_Service wikiPageOutDegree "50".
- Faster_Payments_Service wikiPageRevisionID "695171903".
- Faster_Payments_Service wikiPageWikiLink Abbey_National.
- Faster_Payments_Service wikiPageWikiLink Alliance_&_Leicester.
- Faster_Payments_Service wikiPageWikiLink BACS.
- Faster_Payments_Service wikiPageWikiLink Bank.
- Faster_Payments_Service wikiPageWikiLink Barclays.
- Faster_Payments_Service wikiPageWikiLink Building_society.
- Faster_Payments_Service wikiPageWikiLink CHAPS.
- Faster_Payments_Service wikiPageWikiLink Category:2004_establishments_in_the_United_Kingdom.
- Faster_Payments_Service wikiPageWikiLink Category:Banking_in_the_United_Kingdom.
- Faster_Payments_Service wikiPageWikiLink Category:Banking_technology.
- Faster_Payments_Service wikiPageWikiLink Category:Banking_terms.
- Faster_Payments_Service wikiPageWikiLink Category:Payment_systems.
- Faster_Payments_Service wikiPageWikiLink Chancellor_of_the_Exchequer.
- Faster_Payments_Service wikiPageWikiLink Citigroup.
- Faster_Payments_Service wikiPageWikiLink Clydesdale_Bank.
- Faster_Payments_Service wikiPageWikiLink Competition_Commission.
- Faster_Payments_Service wikiPageWikiLink Danske_Bank.
- Faster_Payments_Service wikiPageWikiLink Danske_Bank_(Northern_Ireland).
- Faster_Payments_Service wikiPageWikiLink Direct_corporate_access.
- Faster_Payments_Service wikiPageWikiLink Faster_Payments_Service.
- Faster_Payments_Service wikiPageWikiLink Gordon_Brown.
- Faster_Payments_Service wikiPageWikiLink HBOS.
- Faster_Payments_Service wikiPageWikiLink HM_Treasury.
- Faster_Payments_Service wikiPageWikiLink HSBC_Bank_(Europe).
- Faster_Payments_Service wikiPageWikiLink Industry_self-regulation.
- Faster_Payments_Service wikiPageWikiLink LINK_(UK).
- Faster_Payments_Service wikiPageWikiLink Lloyds_Bank.
- Faster_Payments_Service wikiPageWikiLink NatWest.
- Faster_Payments_Service wikiPageWikiLink National_Australia_Bank.
- Faster_Payments_Service wikiPageWikiLink Nationwide_Building_Society.
- Faster_Payments_Service wikiPageWikiLink Northern_Rock.
- Faster_Payments_Service wikiPageWikiLink Office_of_Fair_Trading.
- Faster_Payments_Service wikiPageWikiLink Payment_Services_Regulations_2009.
- Faster_Payments_Service wikiPageWikiLink Payments_Council.
- Faster_Payments_Service wikiPageWikiLink Santander_UK.
- Faster_Payments_Service wikiPageWikiLink Sort_code.
- Faster_Payments_Service wikiPageWikiLink The_Co-operative_Bank.
- Faster_Payments_Service wikiPageWikiLink The_Royal_Bank_of_Scotland_Group.
- Faster_Payments_Service wikiPageWikiLink UK_Payments_Administration.
- Faster_Payments_Service wikiPageWikiLink Ulster_Bank.
- Faster_Payments_Service wikiPageWikiLink United_Kingdom.
- Faster_Payments_Service wikiPageWikiLink VocaLink.
- Faster_Payments_Service wikiPageWikiLink Voca_Limited.
- Faster_Payments_Service wikiPageWikiLink Yorkshire_Bank.
- Faster_Payments_Service wikiPageWikiLink File:Faster_Payments_logo.svg.
- Faster_Payments_Service wikiPageWikiLinkText "FPS".
- Faster_Payments_Service wikiPageWikiLinkText "Faster Payments Service".
- Faster_Payments_Service wikiPageWikiLinkText "Faster Payments".
- Faster_Payments_Service wikiPageWikiLinkText "Implementation".
- Faster_Payments_Service wikiPageUsesTemplate Template:As_of.
- Faster_Payments_Service wikiPageUsesTemplate Template:Citation_needed.
- Faster_Payments_Service wikiPageUsesTemplate Template:Multiple_issues.
- Faster_Payments_Service wikiPageUsesTemplate Template:Primary_sources.
- Faster_Payments_Service wikiPageUsesTemplate Template:Reflist.
- Faster_Payments_Service wikiPageUsesTemplate Template:Update.
- Faster_Payments_Service subject Category:2004_establishments_in_the_United_Kingdom.
- Faster_Payments_Service subject Category:Banking_in_the_United_Kingdom.
- Faster_Payments_Service subject Category:Banking_technology.
- Faster_Payments_Service subject Category:Banking_terms.
- Faster_Payments_Service subject Category:Payment_systems.
- Faster_Payments_Service hypernym Initiative.
- Faster_Payments_Service type Organisation.
- Faster_Payments_Service type Economy.
- Faster_Payments_Service type Establishment.
- Faster_Payments_Service type Payment.
- Faster_Payments_Service type Redirect.
- Faster_Payments_Service type Term.
- Faster_Payments_Service comment "Faster Payments Service (FPS) is a UK banking initiative to reduce payment times between different banks' customer accounts from three working days using the long-established BACS system, to typically a few hours.".
- Faster_Payments_Service label "Faster Payments Service".
- Faster_Payments_Service sameAs Q5437075.
- Faster_Payments_Service sameAs m.0271q16.
- Faster_Payments_Service sameAs Q5437075.
- Faster_Payments_Service wasDerivedFrom Faster_Payments_Service?oldid=695171903.
- Faster_Payments_Service depiction Faster_Payments_logo.svg.
- Faster_Payments_Service isPrimaryTopicOf Faster_Payments_Service.