Single Immediate Payment: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create page. Sources:The Treasurer, December 2019 p32, and FPS webpage http://www.fasterpayments.org.uk/sites/default/files/FPS%20Customer%20Proposition%20v2.0%20%2013Feb15.pdf) |
imported>Doug Williamson (Mend link.) |
||
| Line 20: | Line 20: | ||
* [[IMPS]] | * [[IMPS]] | ||
* [[LVPS]] | * [[LVPS]] | ||
* [[ | * [[New Payments Platform]] | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[PSP]] | * [[PSP]] | ||
Revision as of 21:12, 19 December 2019
Immediate payments - UK - Faster Payments Service.
(SIP).
Single Immediate Payments are used primarily for ‘attended’ payments initiated by customers using channels such as internet, mobile or telephone banking, where the customer wants the payment to be effected immediately.
The paying customer must be advised of the fate of the payment in near-real-time at the time of payment submission.
