Faster Payments Service

Yep

... to get SEPA Instant, in the UK Faster Payments, and here in the US RTP FedNow, um, so that while we try to do everything on-chain, inevitably we have to do something off chain.

We have that, uh, that fiat leg as well.

So we've got liquidity sourced through a trading desk.

So at the moment, the bank transfer's alive for Canadians with the Interac e-Transfer.

Also, for anyone in the EU or the UK, we support SEPA, um, and, uh, FPS, so faster payments in the UK.

The next step after that, which we're, we're working on now, is obviously the, the US.

That's where we have the, the most demand.

EtherBridge connects traditional financial infrastructure with blockchain technology, offering a unified platform for managing United States dollar, euro, British pound, Mexican peso, and United States dollar coin.

Through established payment networks such as Automated Clearing House, Wire, Single Euro Payments Area, Interbank Electronic Payments System, and United Kingdom Faster Payments, alongside blockchain-based transfers, the platform aims to make global financial operations faster, more accessible, and efficient.

Built for modern businesses, entrepreneurs, freelancers, and international teams, EtherBridge also brings together invoicing, payment links, client management, and escrow-protected transactions within a single digital ecosystem.

The platform integrates financial infrastructure provided by Bridge and identity verification technology from Didid to support secure onboarding and compliance-focused payment operations.

The headline is a good one.

Data from Frontier Economics shows in-scope scam losses over faster payments fell by around 21% following implementation of the reimbursement requirement.

Roughly equivalent to 73 million pounds a year.

And victims are getting their money back far more often than they used to.

Coming back to your headline figures about the reduction of scam losses, it is supported by the data, but possibly the real picture is a little bit more nuanced.

Remembering that mandatory reimbursement only covers a subset of APP fraud.

So it covers faster payments and CHAPS payment rails, and it applies to victims who are individuals or micro-enterprises.

It doesn't cover international payments.

And just to get started, would you like to quickly let us know a bit more about yourself and Pay.UK then?

Of course, I am the Chief Strategy and Transformation Officer here at Pay.UK. We run the critical payment systems for the UK, the interbank payment systems, and cover the services you've probably heard of in terms of faster payments, direct debit, and the check clearing system, but also other really important areas such as confirmation of payee and the current account switch service, just to name a few.

So really delighted to be joining you.

Excellent.

The future will be about an ecosystem.

And that ecosystem needs to support various different journeys and potentially different and multiple forms of money.

So this isn't just about a new, faster payments version.

It's a lot more than that.