What we quickly discovered is that the Faster Payments rules are simple, but the process and the technology is not. Every payment system uses a unique type of message. ERI had to make its OLYMPIC Banking System compatible with the Faster Payments standard (ISO20022), which was the first time they had done this. We had exceptional support throughout, to the point where BFC Bank has been complimented as the Faster Payments member with the best uptime performance in the UK. We have not missed a single test, even amid the strain imposed by the current COVID19 crisis. Payment testing can be run remotely or on-site. Additionally, the cost and efficiency offered by ERI is outstanding.
