Faster Payments

The Faster Payments Service allows customers to make faster electronic payments, typically by phone or online banking, to transfer money between accounts or pay bills, or make regular standing order payments.

When Faster Payments was launched in May 2008 it was the first new payments service to be introduced in the UK for more than 20 years. 

There are 13 member banks and building societies. In 2008, 83 million payments were processed with a total value of £32.9 billion.

Please visit www.chapsco.co.uk for more information