Forget worrying about sort codes - mobile-to-mobile cash transfers coming soon

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"Smartphone users will soon be able to pay for goods and services simply by using the recipient's mobile phone number..."
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Forget worrying about sort codes - mobile-to-mobile cash transfers coming soon

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Forget worrying about sort codes - mobile-to-mobile cash transfers coming soon

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If this new service extends this type of functionality inter-bank, then it gets a big thumbs up from me.
If you find my posts useful, "pay it forward" and help someone else out, that's how places like MSE can be so successful.
Another interesting point is that those with more than one bank account will presumably only be able to link one account.
I don't see the problem with only being able to link one account per bank.
I don't really want to link my bank accounts to phone numbers, but I could just get a free SIM for this. The advantage compared to regular bank transfer is that it appears you will be able to check the number against the name, before you send the money.
What I hope you will be able to do is use the regular internet banking service to send money to a phone number.
I don't use bank apps as I prefer to use the normal online banking interface. I also only view desktop versions of websites on my phone.
When you enter a number to make a payment, the service will check whether the recipient is registered and then display their account name.
So if you've mistyped a number, the wrong name will appear and you'll be able to cancel the request."
- Something that faster payments should've done from the beginning. Oh well.
R.I.P Robin Williams.
If I type the wrong number can I find out that person name. Id sooner someone not type my number in by accident, then know my name.. and then potentially call me..
Is it possible they will use a username instead?
I'd imagine so otherwise the opportunity for fraudulent phone calls will be massive.
R.I.P Robin Williams.
From something I've read, I think depending on the bank it will either just show the initials or the first name. Not the whole name.
If it shows J Smith that would be fine, but just John or JS will be of no use to anybody.
R.I.P Robin Williams.