Payments - Overlay services Flashcards
1
Q
Confirmation of Payee
A
Push Payments - Confirmation of Payee is a name checking service for UK-based payments which Pay.UK launched in 2020
2
Q
Request to Pay
A
Request to Pay is a new (since 2020), flexible way for bills to be settled between people, organisations and businesses
3
Q
Switching Services
A
The Current Account Switch Service makes switching a current account between banks and building societies simple, reliable and stress-free. The service is free-to-use and available to individuals, small businesses, charities and trusts.
