Which faster payment infrastructure did U.K. banks adopt to enable instant transactions?

Asked Jan 7, 2014· 1 answer ·Developed Markets, EMEA, Europe, United Kingdom, Western Europe
Faisal KhanAnswered Jan 7, 2014
FasterPayments happened in the UK - See: http://www.fasterpayments.org.uk/

I would like to credit Ben Brown who told me about this specific PodCast on National Public Radio called Planet Money (podcast).

Here is Ben's post on the subject matter:

Planet Money examines the payments industry

The company that manages it is called Vocalink: operator of the UK national payments infrastructure

The Podcast is a must hear and it specifically talks about this - the UK Faster Payments initiative.

You can listen to the podcast here: Episode 489: The Invisible Plumbing Of Our Economy
Faster Payments (UK)Payment InfrastructureInstant PaymentsUK Payment Schemes Developed MarketsEMEAEuropeUnited KingdomWestern Europe
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