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

TerraPay-MTN Uganda Partnership to Offer “Digital Mobility” 
TerraPay-MTN Uganda Partnership to Offer “Digital Mobility” 
November 15, 2021  |  Partnerships / Acquisitions

The Dutch payments infrastructure company TerraPay has joined forces with MTN Mobile Money Uganda Limited to power speedy transfers to beneficiaries in places like China...

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Business Payments Slower for US, Canadian Middle Market Suppliers Than Before COVID
Business Payments Slower for US, Canadian Middle Market Suppliers Than Before COVID
November 15, 2021  |  Faster Payments

The last 18 months or so of pandemic-induced remoteness have forced businesses of all types and sizes to talk about business payments optimization — and...

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Even’s Real-Time Payments Helps Workers Get Faster Access to Wages
Even’s Real-Time Payments Helps Workers Get Faster Access to Wages
November 10, 2021  |  Faster Payments

On Wednesday (Nov. 10), financial benefits platform Even teamed up with J.P. Morgan to give millions of U.S. hourly workers instant access to their earned...

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BBTV Offers Creators Expedited and Cypto Payments 
BBTV Offers Creators Expedited and Cypto Payments 
November 10, 2021  |  Faster Payments

The media and technology company BBTV has launched a service called Fast Pay, designed to expedite monthly payments for creators.  Get the Full Story Complete...

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When Digital Payments Get Downgraded to Paper Checks Everyone Loses
When Digital Payments Get Downgraded to Paper Checks Everyone Loses
November 10, 2021  |  Faster Payments

It’s a little-known quirk of the system, but many of the paper checks small- to medium-sized businesses (SMBs) receive actually start out as online bill...

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WhatsApp Beta Version Hints at P2P Payments in U.S. 
WhatsApp Beta Version Hints at P2P Payments in U.S. 
November 09, 2021  |  Mobile Applications

Code found in a recent WhatsApp version still under development suggests that the instant messaging app could be integrating with Facebook’s digital wallet, Novi, as...

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PopID, JCV Bring Face Pay to Japan
PopID, JCV Bring Face Pay to Japan
November 09, 2021  |  Biometrics

PopID is partnering with Softbank subsidiary Japan Computer Vision (JCV) to launch PopID’s facial recognition ordering and payment system PopPay, which will initially roll out...

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Deep Dive: Why Paying Gig Workers More Quickly Is a Winning Proposition for the Businesses That Employ Them
Deep Dive: Why Paying Gig Workers More Quickly Is a Winning Proposition for the Businesses...
November 09, 2021  |  Disbursements

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Zentist Debuts Pilot of Real-Time Dental Claims Payments
Zentist Debuts Pilot of Real-Time Dental Claims Payments
November 08, 2021  |  Faster Payments

Automated dental insurance claims processing platform Zentist has rolled out a financial pre-funding pilot program for the U.S. dental industry, the company announced Monday (Nov....

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