When Did Faster Payments Start?
When Did Faster Payments Start? FPS was officially launched on 27 May 2008 (though testing during the previous week allowed users to process very small-value (1p) transactions as “faster payments”) for non-scheduled, “immediate” payments (about 5% of traffic) only, with access for future-dated payments and standing orders from 6 June. When were Faster Payments introduced?