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An article relating to this blog post on Finextra:

UK banks gear up for Faster Payments

UK payments association Apacs has signalled a phased roll-out for the new faster payment scheme, as the banking industry takes a cautious approach to the introduction of real-time funds transfer for a...


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No surprise faster payments aren't attention seekers

Faster payments is a good thing. The problem is that they aren't really faster until they're all faster, ie you can't really tell the customers 'some if your payments might be faster'. Customers will be quick to complain if there isn't consistency across their payments. I imagine that institutions don't really want to encourage expectations which can't be delivered to all customers and transactions, or at least most, anyway.

Slowly slowly on the 'faster payments' until generally they really are faster. 

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