BACS
BACS, formerly known as Bankers' Automated Clearing Services is a scheme for the electronic processing of financial transactions within the United Kingdom. Direct debits and direct deposits are mad...
Faster Payments Service
Faster Payments Service (FPS) is a UK banking initiative to reduce payment times between different banks' customer accounts from three working days using the long-established BACS system, to a few hou...
Faster Payments Service - Wikipedia