Request to Pay: Difference between revisions
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imported>Doug Williamson (Add link.) |
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). | (RtP or RTP). | ||
Request to pay is a secure messaging service launched in May 2020. | 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. | It is overlaid on top of existing payments infrastructure as a flexible way to settle and manage bills. | ||
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.
