Payments Council extends online tool to help customers check payment options

Payments Council extends online tool to help customers check payment options

The UK's Payments Council has extended its online tool for helping customers check their payment options to cover Bacs, Chaps, cheques and paper credits.

The sort code checker tool was initially introduced for the launch of Faster Payments in 2008, enabling customers to determine whether accounts could receive payments through the new service.

The checker, at the UK Payments Web site, stores all of the country's 20,000 sort codes and claims over 4000 hits a day.

Now, users can also enter the sort code of an account to see whether it can receive a Bacs credit or Chaps payment. They are also able to check if an account allows a direct debit instruction to be set up and if a cheque or paper credit can be paid through the clearings.

The Council says its expanded checker will particularly benefit businesses who want to prevent any possible delays to a payment or the registration of new customers' direct debit details.

Gary Cook, payments integrity executive, Payments Council, says: "As more of us are making payments online or on the phone it provides a very easy way of avoiding unnecessary delays. The Sort Code Checker strips out the element of chance because it quickly confirms to users what forms of payment are at their disposal."

Comments: (1)

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 26 March, 2010, 18:14Be the first to give this comment the thumbs up 0 likes

I just wish banks would seamlessly integrate the electronic funds transfer functionality on their websites to the Payments Council's online tool. That way, if I attempt a (say) FPS payment to a certain sort code of the intended recipient on my bank's website, and if that sort code is not enabled to receive FPS payments, I would get an error message right there - instead of me having to go to the Payments Council website separately to check this.

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