APACS, the UK payments association, has issued new materials to help customers wishing to benefit from the new Faster Payments Service (FPS), which begins rollout today. APACS has produced a downloadable advice guide, ‘How to use the Faster Payments Service’, along with an online easy-to-use sort code checker www.canipayfaster.co.uk, so that customers can input any UK sort code to check whether it is able to receive Faster Payments. Paul Smee, APACS’ chief executive, said: “The final part of this enormously complex project has been to test the new system in a live environment. Last week hundreds of penny payments have successfully been made between the participating banks. Although the initial rollout will be gradual, and some customers may not be using the new service immediately, we expect that in the coming months this will ramp up to enable large numbers of customers to benefit from it.”
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