Scheduled Payments

Example authorisation summary for Scheduled Payments

PSUs can setup, through a TPP, an instruction to their ASPSPs to make a series of payments of a specific amount to a specific payee on a number of specified future dates or on a regular basis.

Capturing the payment details

In addition to the generic payment details above, the TPP must also capture:

The payment execution date (the expected execution date for the payment)

Displaying the authorisation summary

The payment execution date must also be displayed in the summary:

SafeConnect

Data Sharing

SafeConnect will retrieve bank data needed to facilitate this payment based on your request and provide this information to [Name of your app].

Secure Connection

Data is securely accessed in read-only format and only for the purposes of this payment request. This request is a one off, you will not receive any other requests from SafeConnect for this payment.

FCA Authorisation

SafeConnect Ltd is authorised and regulated by the Financial Conduct Authority under the Payment Service Regulations 2017 [827001] for the provision of Account Information and Payment Initiation services.

To easily set up payments from your bank to [Name of your app] , we are about to securely re-direct you to your bank where you will be asked to confirm the payment via SafeConnect, an FCA regulated payment initiation provider for [Name of your app] SafeConnect will share these details with your bank, where you will then be asked to confirm the following payment setup.

Payment total: £54.00

Payee

  • Payee Name: Merchant
  • Sort Code: 04-00-04
  • Account Number: 12345678
  • Payment Reference: Merchant ltd.

Payment information

  • Bank name: My Bank
  • Sort Code: 00-04-00
  • Account number: 12345678
  • Payment date: 11/09/2024

About the access

This consent request is a one-off, you will not receive additional requests once completed.

Please read SafeConnect PIS - Terms & Conditions