How does faster payment system work?
US dollars, Pounds Sterling & Euro
The Faster Payments System works by allowing payments to be sent electronically between bank accounts in near real-time.
Other categories
How does faster payment system work?
The Faster Payments System works by allowing payments to be sent electronically between bank accounts in near real-time. This can be achieved through direct transfers between bank accounts, via direct interbank links, or through the use of a third-party service such as a payment provider. This makes it easier to quickly and securely make and receive payments, as the payments can be electronically processed and completed almost immediately.
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