The Faster Payments Service is the largest real-time payment system in the world that operates 24 hours a day, 7 days a week.
We recently published an overview of Faster Payments, along with a few examples of how businesses can use it.
A couple of months ago you may have read news of the AccessPay and SWIFT agreement, where AccessPay became first in the market to offer a cloud-based payments and cash management application with SWIFT messaging connectivity fully integrated.
The February 2014 SEPA deadline date is almost upon us, but let’s not expect a sudden transition to a fully harmonised SEPA environment.
It’s important to bear in mind the scale of the project; no less than turning fragmented national markets into one single domestic market for Euro payments… it’ll take time to get it right, and it surely won’t happen without some teething problems.