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

How Mexico’s Central Bank Plans To Move Payments To Digital
How Mexico’s Central Bank Plans To Move Payments To Digital
January 06, 2021  |  Banking

In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers...

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Payment Rail Innovators Look Ahead Towards Digital Currencies, Faster Payments
Payment Rail Innovators Look Ahead Towards Digital Currencies, Faster Payments
January 05, 2021  |  B2B Payments

With payments innovation continuing to accelerate, a number of new initiatives are now underway across a range of payment rails. In Nigeria, that means improving...

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Distributed Banking Gives Banks Opportunity To Redesign The Customer Experience
Distributed Banking Gives Banks Opportunity To Redesign The Customer Experience
January 05, 2021  |  Banking

One could say that the payments industry hasn’t ever met a buzzword it doesn’t like – or pass up an opportunity to take one or...

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Bank-FinTech Collaborations Set Stage For Real-Time Payments Expansion
Bank-FinTech Collaborations Set Stage For Real-Time Payments Expansion
January 05, 2021  |  Banking

The financial services ecosystem has evolved to a state where traditional financial institutions (FIs) and FinTechs, which once had been vying for the mind share...

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Riding Real-Time Rails Into 2021
Riding Real-Time Rails Into 2021
January 04, 2021  |  Faster Payments

Real-time payments (RTP) are ready for their closeup, and decisions are happening behind the scenes now as banks and financial institutions (FIs) consider their RTP...

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Indie Truck Drivers Steer FinTech Toward Cash Flow Innovation
Indie Truck Drivers Steer FinTech Toward Cash Flow Innovation
January 04, 2021  |  B2B Payments

With online commerce driven to new heights last year, the supply chain and logistics sector was stretched to its maximum. Get the Full Story Complete...

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Deep Dive: How Small FIs Use Third Parties, Gradual Integrations To Guide New Payment Rail Adoptions
Deep Dive: How Small FIs Use Third Parties, Gradual Integrations To Guide New Payment Rail...
December 31, 2020  |  Faster Payments

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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Seller Platforms And Digital Marketplaces Define B2B Payments For 2021
Seller Platforms And Digital Marketplaces Define B2B Payments For 2021
December 30, 2020  |  B2B Payments

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond...

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Cross River Bank On The Case For Direct RTP® Integration
Cross River Bank On The Case For Direct RTP® Integration
December 30, 2020  |  Faster Payments

Small financial institutions (FIs) that directly integrate with real-time payments (RTP) must do more work than their counterparts that turn to third parties for RTP...

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