How to transfer GBP via Faster Payments?
You can offer clients the ability to transfer GBP via Faster Payment using the transfers feature combined with our range of built-in account issuing and banking integrations, or any accounts provider of your choice. With our infrastructure, you can access a best-in-class back office portal to easily manage, perform and control incoming, outgoing and FX transactions across multiple client accounts.
Our technology
Outgoing transfers
What you get
Technical Advantages
- Give clients the ability to send and receive money with the payment rails they know and trust
- Reduce transaction costs and settle funds faster by connecting to multiple payment networks with our Fintech infrastructure
- Easily connect to multiple payment rails such as Faster Payments, SEPA, SEPA Instant, ACH, and more through our extensive network of pre-integrated partners
- Unlimited virtual bank accounts and house accounts
- Corporate and individual virtual bank account types
- GB IBANS
- Universal transfers (domestic + international payment rails)
- Highly secure, agnostic and fully redundant infrastructure platform
- Best-in-class back office portal for your finance and ops teams
- No need to build a complex business logic to manage transfers lifecycle actions such as hold, accept, reject, release and complete outbound transfers
- Access a standardised API layer to connect to any transfer schemes such as SWIFT, SEPA, Faster Payments and more
- No need to build the logic required to charge fees based on different parameters such as scheme type, transactions volume and more
- Utilise pre-built funds sweeping logic required to segregate fees from client money
- Leverage a pre-built, flexible ledger system to accurately record transfer movements and their impact on account balances
- Utilise a pre-certified integration that removes the need for self-certification and conformance testing
- No need to host and integrate Hardware Security Module (HSM) services to conform with the bank's security requirements
- Ensure redundancy and eliminate the risk of de-banking by any banking provider
- Easily add, switch, migrate and remove banking providers without the need to build integrations from scratch
- Manage and extend the capability of all account related financial business operations with access to a decoupled ledger system
- Reduced total cost of ownership across direct, indirect and opportunity development costs
- Reduced risks associated with software security and regulatory compliance
- Faster time to market
- Utilise a variety of webhooks to action multiple workflows to build your Fintech product