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Progress of the young Faster Payments Service

By ayny on Aug 19, 2008 in Make Money Online

Faster Payment
The data provided by the UK Payments Association, APACS show that the Faster Payments Service (FPS) that was launched three months ago is processing almost 250,000 payments daily.

Within the first two months following the launch the FPS processed over 4 million payments. For reference CHAPS, the UK's other same-day payments system launched in February 1984 processed 96,000 payments in the same period of time after its launch.

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