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Internet payments to clear immediately

The Association of Payment Clearing Services have agreed that by next year, internet payments will be credited or debited straight away.


The new payment system was announced after it met last week to discuss modernising the 200-year-old cheque clearing system. Cheque and debit card payments could also be speeded up under the reforms.


At the moment, payments made from an internet bank to another bank or building society take at least three days. Critics say banks take advantage of delays to earn interest on the floating money.


Government&#39s banking watchdog Don Cruickshank called the current system &#39cumbersome and inflexible&#39 and &#39only slowly adapting to the demands of e-commerce&#39 in his recent report.

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A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

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