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Faster Payments

19
MAR
2019

New anti-money laundering technology sees UK fraud rings frozen

Pay.UK’s Faster Payments team is today announcing the official launch of the anti-fraud Mule Insights Tactical Solution (MITS) following a successful pilot by participants of the UK’s real-time payment service. This ground-breaking technology – developed by Vocalink, a Mastercard company - enables suspicious payments to be tracked as they move between bank and building society accounts regardless of whether the payment amount is split between multiple accounts, or those accounts belong to...
International Ecommerce
19
MAR
2019

About Faster Payments

Faster Payments Scheme Limited (FPSL) is the company that enables mobile, internet, telephone and standing order payments to move quickly and securely, almost at the touch of a button, 24 hours a day. At its launch in 2008, Faster Payments was the first new payments service to be introduced in the UK for more than 20 years. Faster Payments will be celebrating its 10th birthday in 2018. During this time, over 9 billion payments have been sent using the service, worth a combined value of over...
International Ecommerce
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