Difference between revisions of "Faster Payments"

From Open Risk Manual
(Initial Entry)
 
 
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'''Faster Payments'''. It is a UK payment system which allows transactions tobe made 24/7, 365 days a year. Originally the network was restricted to established incumbent banks. It has begun to open up, allowing new entrants access to the network.
 
'''Faster Payments'''. It is a UK payment system which allows transactions tobe made 24/7, 365 days a year. Originally the network was restricted to established incumbent banks. It has begun to open up, allowing new entrants access to the network.
  
[[Category:Supply Chain Finance]]
+
[[Category:Fintech]]

Latest revision as of 13:54, 13 February 2020

Definition

Faster Payments. It is a UK payment system which allows transactions tobe made 24/7, 365 days a year. Originally the network was restricted to established incumbent banks. It has begun to open up, allowing new entrants access to the network.

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