Scribd Logo
Upload

Welcome to Scribd!

  • Faster Payments - Sanjivani

    Uploaded by

    Sanjivani Mundhe
    10 views5 pages
    This document discusses different types of domestic and international payment methods including SWIFT, BACS, CHAPS, and wire transfers. SWIFT is used for international transfers between banks abroad. BACS is used for UK payments like direct debits and salaries, but takes longer than faster payments. CHAPS transfers are processed immediately for amounts over £10,000 within the UK. The document provides a brief overview of these common payment processes and systems.

    Original Description:

    Original Title

    faster payments_Sanjivani

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document discusses different types of domestic and international payment methods including SWIFT, BACS, CHAPS, and wire transfers. SWIFT is used for international transfers between banks abroad. BACS is used for UK payments like direct debits and salaries, but takes longer than faster payments. CHAPS transfers are processed immediately for amounts over £10,000 within the UK. The document provides a brief overview of these common payment processes and systems.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views5 pages

    Faster Payments - Sanjivani

    Uploaded by

    Sanjivani Mundhe
    This document discusses different types of domestic and international payment methods including SWIFT, BACS, CHAPS, and wire transfers. SWIFT is used for international transfers between banks abroad. BACS is used for UK payments like direct debits and salaries, but takes longer than faster payments. CHAPS transfers are processed immediately for amounts over £10,000 within the UK. The document provides a brief overview of these common payment processes and systems.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    Payment

    Investigation
    And Cash Flow
    Statement

    ( Swift, Bacs,
    Chap , Wire)
    By – Sa nj i v an i M u nd he
    Da t e – 1 4 t h De ce m be r 20 22
    Payment Types

    Society For Worldwide Clearing House Wire


    International Financial Banker’s Automated Automated Payment
    Transfer Clearing Services System
    • SWIFT payments are used to make
    international bank transfers from
    the UK to accounts held abroad.

    About • BACS payments are used for UK


    payments including direct debits
    Payment and salaries, but take a little longer
    processes to process than Faster Payments.
    • CHAPS payments are processed
    immediately, and used mainly
    when transferring amounts worth
    over £10,000, within the UK.
    Thank you
    QUESTIONS?

    You might also like