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Electronic bank clearing times
rijk
Posts: 2 Newbie
There was a lot of news around a year ago about the establishment of the new Payments Industry Association and electronic bank payment processing times being reduced to a few hours by November 2007. I've not heard anything about this recently - does anyone know when this is going to happen? Thanks.
0
Comments
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Originally they had hoped to get it in place by November 2007 (i.e. by now) but it has been delayed until May 2008 at the earliest
- see APACS press release:
http://www.apacs.org.uk/media_centre.../08_14_07.html
- and some background on why it has been delayed:
http://www.computing.co.uk/computing...-slows-34154250
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