PayPort for directly-connected settling participants

Factsheet

A directly-connected non-settling participant (DCSP) of the Faster Payments scheme is a payment service provider (PSP) which connects directly to the central infrastructure of Faster Payments with a 24/7 real-time gateway. 

A DCSP of the Faster Payments scheme is a payment service providers (PSP), which connects directly to the central infrastructure of Faster Payments with a 24/7 real-time gateway. Members are required to have a Reserve Collateral Account for settlement at the Bank of England to settle their own transactions at each settlement cycle.

The advantage of becoming a DCSP of Faster Payments is the ability to transact in real-time 24/7.

Download the factsheet to learn more.

 

PayPort for directly-connected settling participants

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