What is the Faster Payments Service?
The Faster Payment Service (FPS) is a payment clearing scheme for electronic sterling payments in the UK.
It is the only payment service available 24/7, 365 days a year. Payments sent via the service will generally be available in the recipients account within seconds.
Here at First Capital Cashflow we have developed an extremely cost effective Faster Payments cloud based system.
Why should I use Faster Payments?
100 million payments a month are made by FPS – the expectation for this service to be used is growing fast
Customer service improvements – your service won’t be slowed down waiting for refunds to clear
Control cashflow – you don’t have to wait for the money to leave your account, meaning you always know what you have
How can First Capital Cashflow help me?
- Cost-effective plan – bank tariffs and entry costs for Faster Payments can be prohibitively high, we can provide the service for a much more cost-effective price and pass these savings onto you
- Send up to £100,000 per individual transaction and thousands of transactions at once
- Cloud-based system – you will not need expensive upgrades or risk using out-of-date software
- Fast setup – our system is also designed to be extremely user-friendly and easy to use.
If you would like to discuss your Faster Payments requirements with a member of our expert team you can call us on 03448266700 or contact us here.