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  2. Faster Payments - Wikipedia

    en.wikipedia.org/wiki/Faster_Payments

    In May 2005 the task force announced that an agreement had been reached to reduce clearing times for phone, Internet and standing order payments. [19] This committed the payments services industry to develop a system able to clear automated payments in no more than half a day – the so-called ELLE model – resulting in payment being received the same day if made sufficiently early.

  3. NatWest - Wikipedia

    en.wikipedia.org/wiki/NatWest

    The bank established credit and debit card payment handling company Streamline in 1989, which was merged into Worldpay Group in 2009. [81] The NatWest Mobile Banking app is available to personal account holders over the age of 11 with online banking, a debit card and UK mobile telephone number (beginning 07).

  4. NatWest Group - Wikipedia

    en.wikipedia.org/wiki/NatWest_Group

    NatWest Group PLC [1] is a British banking and insurance holding company, based in Edinburgh, Scotland. ... This would remove the 12% coupon payment (£600m p.a.) on ...

  5. Worldpay Group - Wikipedia

    en.wikipedia.org/wiki/Worldpay_Group

    In 1995 the Streamline system was reabsorbed into the bank when the trading name and payroll service of Centre-file ltd were sold to Ceridian.NatWest was acquired in 2002 by Royal Bank of Scotland Group (RBS) [7] which renamed the business RBS WorldPay and appointed Ron Kalifa as CEO. [8]

  6. Instant payment - Wikipedia

    en.wikipedia.org/wiki/Instant_payment

    Instant payment (sometimes referred to as real-time payment or faster payment) is a method of electronic funds transfer, allowing for almost immediate transfer of money between bank accounts. This was in contrast to the previous transfer times of one to three business days that had been in place until the mid-2010s.

  7. 2012 RBS Group computer system problems - Wikipedia

    en.wikipedia.org/wiki/2012_RBS_Group_computer...

    The 2012 RBS computer system problems were technical issues affecting computers run by the Royal Bank of Scotland Group (now NatWest Group), including National Westminster Bank, The Royal Bank of Scotland and Ulster Bank, which began on 19 June 2012. In 2014, RBS was fined £42m over the incident. [1]

  8. Bacs - Wikipedia

    en.wikipedia.org/wiki/BACS

    Bacs Payment Schemes Limited ... "Bacs is the future as Direct Debit rules" The Times article (26 August 2013) "Bacs sets new payments record" FS Tech article ...

  9. Visa Debit - Wikipedia

    en.wikipedia.org/wiki/Visa_Debit

    NatWest followed with the "Switch" debit card in October 1988. Connect was later merged into Visa. [22] The Visa Debit card was previously known as "Visa Delta" solely in the UK. [23] The Delta name began to be phased out in favor of the Visa Debit branding from September 1998. [24]