faster payments

Faster Payments Service (FPS) is a UK banking initiative to reduce payment times between different banks' customer accounts from the three working days that transfers take using the long-established BACS system, to typically a few seconds.

Source: en.wikipedia.org

Cost and Integration Concerns Keep Smaller Banks From Adopting Real-Time Payments
Cost and Integration Concerns Keep Smaller Banks From Adopting Real-Time Payments
March 14, 2025  |  Banking

The benefits of real-time payments may be readily apparent to financial institutions (FIs) — as they can serve their clients with new use cases, including...

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Digital Wallets Are Reinventing Cross-Border Payroll and Compliance
Digital Wallets Are Reinventing Cross-Border Payroll and Compliance
March 13, 2025  |  Payroll

Cross-border payments are the holy grail of global commerce and among its biggest pain points. That cross-border pain, as well as those gains, can be...

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Turning Digital Bill Presentment Into the Next Consumer Touchpoint
Turning Digital Bill Presentment Into the Next Consumer Touchpoint
March 12, 2025  |  Payments Innovation

Payments innovation often steals the spotlight from its less flashy cousin, payment advances. But beneath developments like artificial intelligence and real-time payments, bill presentment has...

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60% of Treasurers See Role as Financial GPS for Transportation Sector
60% of Treasurers See Role as Financial GPS for Transportation Sector
March 12, 2025  |  Transportation

Transportation businesses rely on roadmaps, so why are they ignoring their treasury teams? Despite their role in managing cash flow, liquidity planning and risk mitigation,...

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Brazil to Consider Requiring FinTechs to Report Transaction Values
Brazil to Consider Requiring FinTechs to Report Transaction Values
March 11, 2025  |  Regulation

The head of Brazil’s tax revenue service, Robinson Barreirinhas, said Tuesday (March 11) that evidence of money laundering may require the country to once again...

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Bad B2B Payments Are a Sales Problem With an Obvious Fix
Bad B2B Payments Are a Sales Problem With an Obvious Fix
March 11, 2025  |  B2B Payments

Word of mouth is a powerful force in B2B transactions. A company known for slow, cumbersome or error-prone payment processes can find its reputation tarnished,...

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Digital Transformation of Ledgers Powers FinTechs and Money Mobility
Digital Transformation of Ledgers Powers FinTechs and Money Mobility
March 11, 2025  |  Innovation

The ledger is a cornerstone of finance and money movement, a system of tracking fund flows that dates back over centuries. All manner of information...

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B2B Payments Are Being Remade in Gen Z’s Image
B2B Payments Are Being Remade in Gen Z’s Image
March 10, 2025  |  B2B Payments

Here’s a wake-up call for B2B firms: Generation Z decision makers rising through the business ranks want their B2B purchasing decisions and experiences to be...

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All-in-One Platforms Help Insurers Meet Customers Where They Want to Get Paid
All-in-One Platforms Help Insurers Meet Customers Where They Want to Get Paid
March 07, 2025  |  Insurance

Insurance is one of the most complex industries, marked by multiple touch points among several stakeholders — from carriers to customers, claims adjusters to contractors....

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