VocaLink designed the Faster Payments Central Infrastructure, which is operated on the VocaLink Real-Time Payments platform. For information on the infrastructure or platforms supporting the service, download the product sheets listed below.
The Faster Payments scheme is coordinated by UK Payments Administrtaion is run by CHAPS Co.
The following documents are available for download as PDFs.
Faster Payments - How it works fact sheet
A step-by-step guide to the process by which a Faster Payment is made.
Real-Time Payments Platform product sheet
An overview of VocaLink real-time payments capability – the platform that can transform domestic economies and stimulate self-service banking to reduce the cost of payment processing for all participating financial institutions.
VocaLink Payment Switch product sheet
Banks and building societies connecting directly to the Faster Payments central infrastructure need the capability to send and receive Single Immediate Payments in the ISO 8583 format. VocaLink Payment Switch can accelerate and de-risk the process of connecting to the Faster Payments central infrastructure. It is quick to deploy, highly scalable and robust.
Faster Payments research report
18 months since the launch of the UK Faster Payments Service, VocaLink and PricewaterhouseCoopers LLP have produced a report detailing how banks are building a successful business case.