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Faster Payments Service (FPS) is a UK banking initiative to reduce payment times between different banks' customer accounts from three working days using the long-established BACS system, to typically a few hours. CHAPS already provides limited faster-than-BACS service (by close of business that day) for 'high value' transactions, while FPS is focused on the much larger number of smaller payments, subject to limits that depend on the individual banks, with some allowing Faster Payments of up to £100,000. Transfer time, while expected to be short, is not guaranteed; nor is it guaranteed that the receiving institution will immediately credit the payee's account.〔(Barclays Bank, Faster Payments FAQ )〕 Nine banks and one building society, accounting for about 95 percent of payments traffic, initially committed to use the service; there continued to be ten members.〔(FPS: Current Members )〕 For smaller organisations such as building societies and savings institutions, a deposit-only service is available through agency arrangements with a member. There had been few announcements regarding charges for Faster Payments; it had been expected to be around £1-£5 〔(Albany Software ) February 2007〕〔Bank of Scotland Corporate Tariff ( About your account and our charges )〕〔Coutts Commercial tariff (Faster Payments – Commercial clients )〕 for immediate payments by business users. No retail bank currently charges personal customers for this service (with non-guaranteed transfer time), nor was there any sign this would change. FPS was officially launched on 27 May 2008〔APACS, (Banking industry update on new Faster Payments Service ) February, 2008〕 (though testing the previous week allowed users to process very small value (1p) transactions as 'faster payments')〔(【引用サイトリンク】title=HSBC Fast payment is right here right now )〕 for non-scheduled, 'immediate' payments (about 5 percent of traffic) only,〔APACS, (Press release - phased rollout for new faster payments ) 28 April 2008〕 with access for future-dated payments and standing orders from 6 June. In practice the service was severely limited by the approach of individual member banks to its adoption (see ''Implementation''). A general online Sort Code Checker 〔(【引用サイトリンク】url=http://www.fasterpayments.org.uk/consumers/sort-code-checker )〕 was made available by APACS shortly ahead of launch, which shows whether a specific sort code is able to ''receive'' Faster Payments. ==Background== In November 1998 the UK Treasury commissioned a review (The ''Cruickshank Report'') of competition within the UK banking sector, which reported in March 2000. Among its recommendations was primary legislation to establish an independent payment systems commission (PayCom) in place of existing, privately controlled, interbank arrangements. The following day, the Chancellor, Gordon Brown, announced that legislation would be introduced, if necessary, to open payment systems to increased competition.〔Banking Liaison Group, (Cruickshank banking review )〕 Initially the banking industry was consulted by government on further steps and progress in payments services monitored by the Competition Commission and the Office of Fair Trading (OFT). By May 2003, while the OFT was able to report modest improvements, such as changes to BACS and the governance of APACS, some competition concerns remained〔OFT, (Press release PN 66/03 - market study on payment systems ) 22 May 2003〕 and, in December 2003, the Treasury announced the OFT would take on an enhanced role in relation to payment systems, for a period of four years to resolve outstanding competition problems in advance of any legislation;〔HM Treasury, (Pre-Budget Report - para. 3.16 ) December, 2003〕 essentially self-regulation. In March 2004 the OFT announced the formation of a joint government-industry body, the ''Payments Systems Task Force'', under its chairmanship .〔OFT, (Press release PN 43/04 - payments systems task force announced ) 15 March 2004〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Faster Payments Service」の詳細全文を読む スポンサード リンク
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