Accelerate UK payment processing with Faster Payments (FPS)

Reduce payment times for bank to bank payments within the UK from days to milliseconds.

our platform

The simple way to access Instant payments in the UK

Access the UK Faster Payments Scheme and recieve a fully managed service from Form3. Send transactions to sort codes that are used for consumer and business payments in the UK, with a limit of 250K.

Fast and efficient implementation

Fast-track to instant payments in just weeks not months with our comprehensive implementation service

Comprehensive Scheme Testing

Hands-on testing and simplified tech development using our sandbox and simulator environment

Insulate from Scheme Change

Form3 is independent of scheme messaging and shields customers from technical scheme or rule changes

UK Faster Payments MODELS

Explore our FPS technical scheme access options

Who is it for?

For large regulated financial institutions looking for long term, high volume access to Instant payments in the UK. Gain direct access to the Faster Payments scheme with settlement via a Bank of England account.

How does it work?

A Cloud-Native, JSON-based API gives you full access to all fields and options of Faster Payments, including the ability to send Single Immediate Payments, Forward Dated Payments, Standing Orders and Return Payments. Inward Faster Payments are received via a webhook or Amazon SQS link.

Who is it for?

For large regulated financial institutions looking for long term, high volume access to Instant payments in the UK without settlement obligations. Gain direct access to the Faster Payments scheme with settlement via a sponsor bank.

How does it work?

As an FPS sponsored participant, you gain full real-time direct access to the Faster Payments scheme via your sponsor who will undertake clearing and settlement on your behalf. You'll receive all the benefits of being a direct participant but without needing a Bank of England settlement account.

Who is it for?

For small regulated financial institutions looking for long term, high volume access to Instant payments in the UK. Gain access to the Faster Payments scheme with settlement via a Bank of England account.

How does it work?

This is the faster way to gain access to the UK Faster Payments (FPS) scheme. As an FPS Indirect participant, you gain access via your sponsor who will provide liquidity in the form of a pre-funded bank account for net daily activity DR/CR. The sponsor will undertake clearing and settlement on your behalf.
fps direct

our benefits

Why choose UK Faster Payments?

2.4bn Faster Payments were processed in 2019. Along with Bacs, Faster Payments is the most popular payment scheme for banks and non-banks wanting to operate in the UK.

Speed up the process of bank to bank payments from several minutes to just milliseconds in a truly instant payments experience.


Form3 has connected more Direct participants to UK FPS than any other provider, with implementation in as little as 100 days. Discover why we are the No.1 for UK Faster Payments access.

our customers

Hear from our Customers

At PPS, we wanted to ensure that faster payments became instant, moving away from batch file payments to instant payments in order to provide a faster, more efficient movement of money and an enhanced user experience

Ray Brash

Managing Director at PPS

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