New dawn in British banking?

[temi]

Its looks like a new dawn is upon us, read this:

A banking scheme for one-day cash transfers over the telephone or on the internet has started without any major problems, High Street banks say.
The new scheme will speed up the process which previously meant that it took up to four days to transfer money between banks.
Banks made an estimated £30m in interest from the delay last year.
By 7am on the first day, 898 payments totalling £461,383 were made successfully under the new scheme.
The £300m Faster Payments Service, developed by 13 banks, starts on 27 May, although only a fraction of payments will be quicker from day one.




full story

[Paul Carcone]

This is great news for those of us who work for small/medium companies who are working to tight deadlines and with restricted cashflow.

I'm delighted by this news and am intrigued to see if it works. If it does, it's definitely a step in the right direction.

Paul Carcone

[pixie_dust]

that's brilliant i'm going to look into it thanks :d