Wayforte Bank has been offering access to Faster Payments and Bacs payment schemes since 2013, through an indirect agency arrangement with our sponsor bank. We have live prepaid programmes which enable cardholders to make and receive payments through these schemes, using a sort code and unique account number issued alongside their prepaid card.
In 2016 Wayforte announced its intention to join the Faster Payments Scheme as a Direct Member. This enables us to offer sponsorship services to other Payment Service Providers who can connect to the Faster Payments central infrastructure as a Direct Agent but are unable to settle by themselves.
Wayforte has developed relationships with the major Faster Payments accredited gateway providers, including ACI Worldwide, Bottomline Technologies and Vocalink, and we will be launching our first Faster Payments programme as a Direct Member in summer 2016.