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The Faster Payments Scheme have announced they are to raise the maximum value threshold for Internet or phone payments from £10k to £100k. This is hopefully good news for online banking users, as this enhanced facility will all...

 
Industry Updates
 

Consumer group Which? have branded the system designed to speed up and simplify banking transactions as confusing and unfair. Many bank and credit card customers are still waiting three to four days for money to clear, even tho...

 
Faster Payments
 

Experian announced today that BACS had approved it’s Payments Gateway product, the first business software for fully-automated Faster Payments. Payments Gateway is Experian’s payment processing product, and is the f...

 
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If your bank or building society has confirmed that it can offer the Faster Payments Service and you want to use it you can find out whether the account you are sending money to is able to receive a payment this way by checking...




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