# Faster Payments Service – any benefits to charities yet?

- Link: https://fundraising.co.uk/2008/06/24/faster-payments-service-any-benefits-charities-yet/
- Published: 2008-06-24T10:35:50+01:00
- Author: Howard Lake

It is nearly a month since Apacs launched its Faster Payments Service. Since then
13 banks and building societies have started to transfer some payments, especially
those made online or by phone, in hours rather than the traditional three days.

It sounds like excellent news for charities and indeed any business. Money is received
at least two days earlier than it used to be, meaning it can be used faster for 
charitable work or to earn interest.

For fundraising appeals it should open up even more opportunities. Not only will
some donations arrive faster, but with this will perhaps come the opportunity to
tweak an online campaign sooner, based on results.

## Advertisement

 [⌊Posthub advert. You create the campaign. We'll handle the postal journey. Get started at post-hub.co.uk.⌉](https://fundraising.co.uk/ads/posthub-20261007-300x250/)

But has this new system had any impact on charities yet? I’d be interested to hear
if it has.

Are there any downsides to it, beyond perhaps reducing the opportunity to claim 
that ‘the cheque is in the post’?

www.apacs.org.uk/payments_industry/faster_payments_service.html

 * **[NSPCC denies rumours of financial difficulties](https://fundraising.co.uk/2008/08/05/nspcc-denies-rumours-financial-difficulties/)**(
   5 August 2008)
 * **[National Trust trials interactive version of annual report](https://fundraising.co.uk/2008/08/11/national-trust-trials-interactive-version-annual-report/)**(
   11 August 2008)
 * **[Charity tax break system ‘favours the wealthy’](https://fundraising.co.uk/2008/08/12/charity-tax-break-system-favours-wealthy/)**(
   12 August 2008)