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Faster Payments Objectives - 2012 - Federal Reserve Bank of ...

Faster Payments Objectives - 2012 - Federal Reserve Bank of ...

Schematic Payer Member

Schematic Payer Member Bank of England Beneficiary Member File input FIM Central Infrastructure DCA Sending Receiving Agency Agency Corporate Accredited FPS solution (Bureau Access) Third Party Beneficiary Responding Nonresponding File input 8

Tiering Banks − − Member, directly connected Agency, FIM-only Agency Indirect agency of Member or directly connected Agency Corporates − − Submit via DCA and/or Bureau Access (BA) Receive as Third Party Beneficiary (TPB) (Responding or Non-responding) 9

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