The UK Faster Payments Service heralds a new epoch for payments. Although there are obvious benefits to individuals in terms of convenience and certainty of payment, the potential benefits to business and the economy are even greater. Martin Kearsley, director of strategy at VocaLink, explains how the infrastructure was designed and its potential benefits to consumers and businesses alike.

The Banker's articles are exclusively available to registered users and full subscribers

Register for FREE limited access to global banking and finance coverage

Gain easy and instant access to:

  • 3 free views each month
  • Latest headlines and trends
  • Weekly e-newsletter




Already registered? Click here to sign in

Need more? An annual subscription to The Banker provides a wealth of banking and finance knowledge covering a wide range of countries, markets and profiles.
Click here to find out more.


By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them.