Corpay Joins UK's Faster Payment Service for Faster GBP Transfers
Corpay, Inc. (NYSE: CPAY) has joined the United Kingdom's Faster Payment Service (FPS), enhancing its Cross-Border business and offering clients faster, more efficient GBP payments within the UK. FPS enables real-time, secure, and cost-effective GBP transfers, benefiting Corpay's clients who can now enjoy faster and more reliable payments. Access to FPS is secured through partnerships and requires meeting regulatory and infrastructure standards. Pay.UK, which runs the UK's retail payments operations, welcomes Corpay's inclusion in the service. Corpay customers will receive dedicated account numbers linked to Corpay's sort code, connected to both FPS and CHAPS payment schemes. This facilitates real-time payments of up to £1 million for millions of users across the UK. Corpay's integration with FPS is a key milestone in its product roadmap, enhancing its Multi-Currency Account (MCA) offering. Key benefits of this integration for Corpay clients include near-instant payments, improved customer experience, and enhanced MCA capabilities. Corpay works with leading financial and banking partners in the UK to access the Faster Payments Service (FPS), ensuring fast, secure GBP payments for its clients.
Read also:
- Industrial robots in China are being installed at a faster rate than in both the United States and the European Union, as the global market for these robots faces a downturn.
- Undeads Games Reaches $30 Million TVL and Gears Up for MMORPG Debut
- Hyundai N affirms transition to hybrid performance-centric models, initiating with Tucson N
- Bank of America reveals investigation into Zelle platform, hints at potential legal action
