Payments News -

Faster Payments slow so far, but business cases for banks emerging

VocaLink and PricewaterhouseCoopers have published a detailed research report into the UK Faster Payments Service. The scheme has processed 262 million payments since going live on May 2008 – lower than originally projected by this stage – but by 2018, the targeted end-date for cheques in the UK, the Payments Council estimates that annual volumes [...]

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