We pay customers by BACS, however if they contact us and fit certain criteria for an early payment, we can recall the BACS payment up until a certain date before it’s due and then create a faster payment instead.
Similarly if we’ve issued a payment and notify the customer and they query it then provide new evidence, recall that BACS payment and reissue updated new payment via Faster payment.
Can also recall any payments where discover they’re not allowed that cash for whatever reason.
It has its uses in these cases as you’ve more control over that money crediting. Can fix any issues before the actual payment date etc etc