Request to Pay: Difference between revisions
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imported>Doug Williamson (Create page. Sources: The Treasurer, December 2019 p29 and Request to Pay webpage https://www.requesttopay.co.uk/) |
imported>Doug Williamson (Identify UK context. Source: Request to pay webpage https://www.requesttopay.co.uk/) |
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''Cash management''. | ''Cash management - UK''. | ||
(RtP or RTP). | |||
Request to pay is a secure messaging service launched in the UK in May 2020. | |||
For each ‘request’, the payer | It is overlaid on top of existing payments infrastructure as a flexible way to settle and manage bills. | ||
For each ‘request’, the payer is be able to pay in full, pay in part, ask for more time or decline to pay and begin a dialogue with the requester. It gives more control to the person being asked to pay. | |||
:<span style="color:#4B0082">'''''Cash forecasts may change significantly'''''</span> | :<span style="color:#4B0082">'''''Cash forecasts may change significantly'''''</span> | ||
:" | :"These require operational planning to ensure they do not disrupt business activities - RtP will affect those treasurers reliant on direct debit income as their cash forecasts may change significantly if customers choose to delay payment." | ||
:''The Treasurer, December | :''The Treasurer, December 2020/January 2021, p32.'' | ||
== See also == | == See also == | ||
* [[Cash forecasting]] | * [[Cash forecasting]] | ||
* [[Confirmation of Payee]] | |||
* [[Debit]] | * [[Debit]] | ||
* [[Direct credit]] | * [[Direct credit]] | ||
Latest revision as of 03:26, 23 June 2021
Cash management - UK.
(RtP or RTP).
Request to pay is a secure messaging service launched in the UK in May 2020.
It is overlaid on top of existing payments infrastructure as a flexible way to settle and manage bills.
For each ‘request’, the payer is be able to pay in full, pay in part, ask for more time or decline to pay and begin a dialogue with the requester. It gives more control to the person being asked to pay.
- Cash forecasts may change significantly
- "These require operational planning to ensure they do not disrupt business activities - RtP will affect those treasurers reliant on direct debit income as their cash forecasts may change significantly if customers choose to delay payment."
- The Treasurer, December 2020/January 2021, p32.
