Faster Payments (UK)

The Faster Payment System (FPS) in the United Kingdom (UK) provides near-instant transactions between parties. FPS offers a real-time system, including confirmation to sender and immediate funds availability.

Faster Payment Services real-time payment system was introduced in 2008 and can handle real-time payments of up to £1M pounds, primarily serving mobile and online banking.

Pismo enables integration with Faster Payments for transactional flows (Send Faster payment), plus the onboarding and account lifecycle processes for establishing and managing user accounts in FPS.

Sample Send Faster payment endpoint request

  "creditor_account": {  
    "identification": "AA00AAA000000000000000",  
    "name": "Pam Demic",  
    "scheme_name": "iban"  
  "end_to_end_id": "1374f841568e4ff4b3a63b023c1870ec",  
  "instructed_amount": {  
    "amount": 10.5,  
    "currency": "GBP"  
  "remittance_information": {  
    "reference": "Reference information"  
  "originated_overseas": {  
    "ultimate_debtor": {  
      "address": "501 Congress Avenue, Suite 150 Austin, TX 78701",  
      "name": "Luke Wharm"  
    "ultimate_debtor_account": {  
      "account_number": "123456",  
      "identification": "BOFAUS3N",  
      "scheme_name": "BIC"