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Overview:
A group of United Kingdom banks made plans to reduce payment times of transactions (involving telephone or Internet instructions from customers) from days to seconds. The Faster Payments Initiative is a proposal to update their payment systems to enable connection with the new central infrastructure. They plan to implement this very shortly. Fundtech ran a series of benchmark tests to demonstrate that their Global PAYplus application can handle the high transaction volumes required.
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| Format: | Size: | 744 KB | |
| Date: | Jan 2007 | ||
| Pages: | 22 |
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