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Faster Payments definition

Faster Payments means the UK payment system referred to by that name and provided by Faster Payments Scheme Limited;
Faster Payments means a UK banking initiative to reduce payment times between different banks’ customer accounts to typically a few hours.
Faster Payments means the “Faster Payments” payments service, details of which can be found at www.fasterpayments.org.uk

Examples of Faster Payments in a sentence

  • You may transfer any Available Balance to a UK bank account via Faster Payments (subject to Account Limits) before cancelling the Account.

  • You can receive regular payments into your account, such as your salary.If you pay in a cheque at a Post Office branch, we will normally receive it two days later.You can send money within the UK using Faster Payments, Direct Debits and standing orders.

  • The Account may be used for setting up Direct Debits, Standing Orders, and to make Faster Payments including Future Dated Payments subject to Account Limits.

  • It is a condition of this Agreement that all Charges due for payment after 1st April 2014, be paid by direct bank transfer into the Capita Business Services Limited bank account at Barclays Bank PLC (Account Number: 00000000, Sort Code: 20-67-59) using any of the following options: • BACS (including the Faster Payments Service) • CHAPS payment system.

  • You can receive regular payments into your account, such as your salary.If you pay in a cheque at a Post Office branch, we’ll normally receive it two days later.You can send money within the UK using Faster Payments, Direct Debits and standing orders.


More Definitions of Faster Payments

Faster Payments means the faster payments service operated by APACS (Administration) Limited or CHAPS Clearing Company Limited and which Barclays uses, as appropriate.
Faster Payments means a UK banking initiative to reduce payment times between different banks’ customer
Faster Payments means a payments system which allows sending and receiving payments in GBP in the UK between participating payment service providers.
Faster Payments means an electronic payment system which enables member banks to send and receive payments on the same day, or same Working Day for standing orders;
Faster Payments means the Faster Payments Service launched in May 2008 that allows customers to make electronic payments in near real-time, typically by phone or online banking, to transfer money between accounts, pay bills, or make regular standing order payments;
Faster Payments means the faster payments service operated by APACS (Administration) Limited or CHAPS Clearing Company Limited and which Barclays Bank uses, as appropriate.
Faster Payments means a UK banking initiative to reduce payment times between different banks’ customeraccounts to typically a few hours.