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

Digital Bank Lunar Snags Payments Platform Paylike 

Digital Bank Lunar Snags Payments Platform Paylike 
Digital Bank Lunar Snags Payments Platform Paylike 
October 19, 2021  |  Partnerships / Acquisitions

Danish digital bank Lunar announced Tuesday (Oct. 19) it has acquired payments platform Paylike for an undisclosed amount, according to a Fintech Futures report, in...

READ MORE >
London Supermarket Tesco Trials Cashierless GetGo To Rival Amazon Go
London Supermarket Tesco Trials Cashierless GetGo To Rival Amazon Go
October 19, 2021  |  Retail

U.K. supermarket giant Tesco is taking on Amazon Go with its own version of “just walk-out” technology being trialed at its new GetGo stores. Get...

READ MORE >
Customers Bank, Tassat Debut TassatPay Instant Payments
Customers Bank, Tassat Debut TassatPay Instant Payments
October 19, 2021  |  Faster Payments

Customers Bank, the multi-billion-dollar subsidiary of Customers Bancorp, Inc., and blockchain-based digital payment provider Tassat Group Inc. on Tuesday (Oct. 19) announced the debut of...

READ MORE >
Deep Dive: How Smaller FIs Can Use Faster Payments To Better Compete Against Larger Banking Players
Deep Dive: How Smaller FIs Can Use Faster Payments To Better Compete Against Larger Banking...
October 19, 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....

READ MORE >
Cybersource and EBANX Team Up on Brazil Payments Platform 
Cybersource and EBANX Team Up on Brazil Payments Platform 
October 18, 2021  |  Partnerships / Acquisitions

eCommerce credit card payment platform Cybersource and Brazilian FinTech EBANX announced on Monday (Oct. 18) a collaboration that will streamline payments for customers across Brazil....

READ MORE >
Scottish Students’ Faces Scanned for Contactless Lunch Payments
Scottish Students’ Faces Scanned for Contactless Lunch Payments
October 18, 2021  |  International

Nine schools in the North Ayrshire area of Scotland started using facial recognition on Monday (Oct. 18) to verify the identities of children for lunch...

READ MORE >
Fifth Third Bank Sees Instant Payments as Competitive Play to Win Businesses
Fifth Third Bank Sees Instant Payments as Competitive Play to Win Businesses
October 15, 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....

READ MORE >
Bonsai, Afterpay Team on BNPL Program for Online Publishers 
Bonsai, Afterpay Team on BNPL Program for Online Publishers 
October 13, 2021  |  BNPL

Native checkout company Bonsai and buy now, pay later (BNPL) platform Afterpay on Wednesday (Oct. 13) announced a collaboration on an online shopping program that...

READ MORE >
Clickatell to Demo Chat Commerce Platform
Clickatell to Demo Chat Commerce Platform
October 13, 2021  |  Mobile Payments

Mobile communications commerce company Clickatell will offer demonstrations of new payment capabilities through its Chat Commerce Platform at the Money 20/20 convention in Las Vegas, Oct....

READ MORE >