Is faster, better?

The UK’s Faster Payment service has been highlighted in a recent new item by the BBC. More than a year after launch, the system seems to be effective in getting payments from one domestic bank to another much faster than before. But (isn’t it funny how there always is a “but”?) all is not as rosy as UK payments authorities say it is. The BBC is fretting over a number of problems like inconsistent participation, secret limits and more. Read their report and concerns at http://news.bbc.co.uk/2/hi/business/8166676.stm . Do you have any experiences with the Faster Payments service? What are your views and experiences? Share your comments with us.