Faster Payments

Faster Payments, enabled by the UK’s real-time payments infrastructure, allows funds to be transferred from one bank to another within seconds as opposed to days with the combination of your RIS payroll software and our service partner Modulr™.

Faster payments are simple to set up and offer a real alternative to using the BACS system.

The immediacy of payroll payments allows for a less stressful payroll window, it eliminates the 3-day payment time typical of BACS and reduces the overall time required to process payroll.

Bureaus can control payments on behalf of their customers saving time and money with each pay run.

To use the Faster Payments module, you must create an account with our partner, Modulr™.

In this section:

• Create a Modulr™ account to enable Faster Payments

• Configure Employer account in Payroll

• Linking your Modulr™ account with payroll

• Send a Faster Payment from Payroll

• Modulr™ Notifications

• Faster Payments features

Modulr is authorised and regulated by the FCA. (Firm Reference Number: 900699) as an EMD Agent of Modulr FS Limited.