News Tag: Faster Payments

March 26, 2009

OFT report reveals weaknesses of Faster Payments service

by Kay Murchie
A report from the Office of Fair Trading (OFT) has revealed that the new Faster Payments service is not as efficient as it could be. The Faster Payments service was launched to speed up the time taken for electronic bank payments to clear but the report revealed that the service is only running at 69% capacity. It is expected that ...

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