Same day retry to be available from 1 September: The Payments Council has announced that the same day retry scheme, which it agreed with industry in June 2013, will be available from 1 September. The scheme relates to the situation where a pre-notified payment (such as Standing Orders, Direct Debits or Future Dated Payments, but not cheques) fails due to lack of funds. It will give customers the opportunity, until 2pm, to pay cleared funds into their account so that the payment can be successfully retried later in the day. (Source: New Retry Process)