Faster Payments definition

Faster Payments means the UK payment system referred to by that name and provided by Faster Payments Scheme Limited;

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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 accounts to typically a few hours.

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.
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: ▇▇▇▇▇▇▇▇, Sort Code: 20-67-59) using any of the following options: • BACS (including the Faster Payments Service) • CHAPS payment system.
Alternatively, you may at any time transfer any Available Balance to a UK bank account via Faster Payments (subject to Account Limits) and call Customer Care to close the Account.
This means you cannot use this type of account to make, for example, Faster Payments, CHAPS transfers or overseas payments such as SEPA Credit Transfers.

Faster Payments means the “Faster Payments” payments service, details of which can be found at http://www.fasterpayments.org.uk/

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 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.

Faster Payments means the payment system of that name operated by Faster Payments Scheme Limited