Are RBS group Credit or Charge Card payments utilising the new Faster Payments Service?
RBS group credit and charge cards joined the Faster Payments Service in November 2008. A phased rollout approach was taken to ensure that RBSG continued to deliver a secure and reliable service for all of its payments. For payments to Credit and Charge Card products (made via branch,telephony, internet and standing order channels only) which are included in the Faster Payments Service the following applies: • Payments to Credit and Charge Cards will be sent through the new Faster Payments Service if they are within the scheme limits. • Payments generated by Faster Payments Service member banks will be processed faster and in most occasions, you will receive an update to available funds within two hours. • Payments from Credit and Charge Cards eg. Balance Transfers, are not included in the new Faster Payments Service. When a payment is made online, text will be displayed indicating the expected settlement period. Likewise, branch staff and telephony agents will be able to provide this i
