Faster Payment System
Real-time payments around the clock. Whether you're splitting a bill or running payroll, FPS moves money in seconds, every day of the year.
About Us
Our Work
We run the rails the UK depends on — from real-time bank transfers and Direct Debits to digital cheques. Our work touches every salary paid, every bill collected and every business invoice settled.
11B+
Payments processed in 2024
99.99%
Average uptime
24
Hours a day available
Bacs Payment System
The bedrock of UK payroll, benefits and Direct Debits — processing billions of transactions a year for households, businesses and Government.
Image Clearing System
A modern digital cheque clearing service that lets cheques clear in days rather than weeks, while keeping the cheque option open for those who need it.
Standards and innovation
We set the rules, standards and roadmaps that allow new products and services to plug into the UK's payments network safely and at scale.