What must participants ensure before originating or receiving messages in Faster Payments systems?

In the context of Faster Payments systems, one of the fundamental requirements is that participants must ensure a reliable communication framework to exchange messages effectively. A steady network connection is crucial as it guarantees that the messages are transmitted without interruptions or delays, which is essential for the timeliness that Faster Payments systems strive for.

A continuous and stable network connection facilitates real-time processing of transactions, thereby enhancing the efficiency and trustworthiness of the payment experience. In scenarios where a network connection falters or is unstable, the risk of transaction failures, delays, or data loss increases significantly, which could undermine the integrity of the payment system.

While aspects such as verified sender identity, pre-approval of funds, and customer consent are important in the broader landscape of payment security and compliance, they specifically pertain to different aspects of the transaction lifecycle and may not directly relate to the foundational requirement of a reliable communication connection needed for the origination or receipt of messages in Faster Payments.