Good news for FS forum: BACS Faster Payments - HotUKDeals
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Good news for FS forum: BACS Faster Payments

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The Banking Industry via APACS has committed to launch the scheme in May 2008. http://www.fastpayments.co.uk/faq.asp#WhyWouldaCustomerUseaFasterPayment Should mean Near Real Time/Same Day accor…
MoneySavingG Avatar
8y, 9m agoPosted 8 years, 9 months ago
The Banking Industry via APACS has committed to launch the scheme in May 2008.

http://www.fastpayments.co.uk/faq.asp#WhyWouldaCustomerUseaFasterPayment

Should mean Near Real Time/Same Day according to the guff. So a seller can get payment instantly and send items the same day. Rather than wait for normal 3-5 days.

Will the service be free is the question though.
MoneySavingG Avatar
8y, 9m agoPosted 8 years, 9 months ago
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Comments/page:
#1
Will the service be free is the question though.


Not if they can get away with charging is the answer.
#2
hottoshop
Not if they can get away with charging is the answer.


They charge for anything these days.
#3
This is supposed to start on May 27th.
#4
hottoshop;2082399
Not if they can get away with charging is the answer.


Lol very true.
I can't see them charging too much, I'd be personally happy to pay up ~25p for a service like this.
#5
yeah good news bt is great, anything but paypalll!!!
#6
Abbey's new system for this is goin in within the next month and will be free.
#7
I wouldn't use my current account for anything, only people that know that account number is me and my bank everything else goes cash or credit card
#8
maddogb
I wouldn't use my current account for anything, only people that know that account number is me and my bank everything else goes cash or credit card


So you've never sent a cheque?
#9
http://www.fastpayments.co.uk/faq.asp#WhyWouldaCustomerUseaFasterPayment
clickable link. hopefully this will hit paypal right in there pockets
#10
nightswimmer
So you've never sent a cheque?


The English have this really negative approach to B/T. I've never understood it. I think I'm right in saying that it is one of the main ways of conducting financial transactions in Europe.

Even Bank Staff don't seem to understand it correctly in my experience.

Strange indeed because as long as the seller/supplier is trusted it is incredibly user friendly.

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