PayPort for Directly Connected Participants

Factsheet

A Directly Connected Participant (DCP) 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 DCP 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 DCP of Faster Payments is the ability to transact in real-time 24/7.

Download the factsheet to learn more.

 

PayPort for Directly Connected Participants

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