Faster payments possible if consumers change banks

The UK Payments Council has recently stated that many banks are still not making same day transfers to accounts at different banks despite the Faster Payments System that was brought in back in 2008, and officials from the council have stated that if customers are not happy about the fact that their bank does not provide this service they should consider switching to a different bank, as there are some that do provide this facility. Read more

Tags: Payment systems, Single Euro Payments Area, Faster Payments Service, bank customers, finance, Payment Council

An early exit for cheque guarantee cards

It has been revealed that cheque guarantee cards in the UK are set to disappear from the system earlier than expected, with come customers from Abbey losing their cheque guarantee facility on debit cards from as early as next month. Read more

Tags: cheque cards, Payment Council, cheque guarantee cards, finance, cheques, alternative measures, place, instance