If you live in the UK you might have heard of Faster Payments, an initiative the banks are putting in place to speed up inter-bank transfers. Previously bank transfers used to take 3-4 days and using Faster Payments a transfer can be done in a couple of hours. Not all banks are taking part in this yet, so a useful resource to know about is one where you can check if a bank is participating in the scheme. Just type in the Sort Code into the Faster Payments Sort Code Checker and you can find out if you can use it or not.
It works pretty well; and you can use it whether you’re paying for Moen faucets or even for your online hosting. Definitely a step in the right direction.
» Can it go faster?
on November 1 2008
[...] Slicknhip.com wrote an interesting post today onHere’s a quick excerpt If you live in the UK you might have heard of Faster Payments, an initiative the banks are putting in place to speed up inter-bank transfers. Previously bank transfers used to take 3-4 days and using Faster Payments a transfer can be done in a couple of hours. Not all banks are taking part in this yet, so a useful resource to know about is one where you can check if a bank is participating in the scheme. Just type in the Sort Code into the Faster Payments Sort Code Checker and you can fi [...]
Tony Clavering
on November 3 2008
Unified Software (http://www.unifiedsoftware.co.uk) has a web service which allows Faster Payments checks to be easily built into your own applications.