When making an online payment using the UK's Faster Payments Service, what additional information does the payer need?

When making an online payment using the UK's Faster Payments Service, the additional information required is the sort code of the beneficiary's bank. The sort code serves as a unique identifier for the bank and branch where the beneficiary holds their account, which is essential for directing the payment to the correct financial institution.

In the electronic payment landscape, while some details like the beneficiary's name, account number, and a payment reference number may also be relevant, the sort code is the specific piece of information that is necessary for accurately routing the funds through the Faster Payments system. This ensures that the transfer is completed swiftly and efficiently without any misdirection of the payment.