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

Virtual Cards and Straight-Through Processing Set To Level B2B Playing Field
Virtual Cards and Straight-Through Processing Set To Level B2B Playing Field
December 30, 2020  |  Payment Methods

Virtual cards and straight-through processing (STP) are poised to get more attention from buyers and suppliers as the pandemic recedes. As Nick Reid, director of B2B Partner...

READ MORE >
What 36 Payments Executives Wish For The World In 2021
What 36 Payments Executives Wish For The World In 2021
December 30, 2020  |  In Depth

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 >
Deep Dive: A Digital Prescription For Treating The Medical Sector’s Manual AR, AP Pains
Deep Dive: A Digital Prescription For Treating The Medical Sector’s Manual AR, AP Pains
December 29, 2020  |  B2B 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....

READ MORE >
Control Vs. Convenience Shapes Debate As FIs Adopt Faster Payments
Control Vs. Convenience Shapes Debate As FIs Adopt Faster Payments
December 29, 2020  |  Faster Payments

The benefits of instant payment services are gaining attention from companies that want to be able to transact with better visibility and cash flow information....

READ MORE >
Virtual Account Numbers Facilitate International Digital Banking
Virtual Account Numbers Facilitate International Digital Banking
December 29, 2020  |  Banking

To serve eCommerce companies’ needs, as transactions continue to shift online, banking needs to go digital, too. In an interview with PYMNTS, Lilia Metodieva, managing director...

READ MORE >
52 Mondays 2020: The Year Of Speed, Scale And Seismic Shifts in Payments
52 Mondays 2020: The Year Of Speed, Scale And Seismic Shifts in Payments
December 28, 2020  |  Karen Webster

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 >
Partnerships Drive B2B Payments Digital Transition
Partnerships Drive B2B Payments Digital Transition
December 28, 2020  |  B2B Payments

The question is seemingly an eternal one in the business realm: build vs. buy. And as FinTechs continue to challenge banks, but also offer new opportunities within...

READ MORE >
Deep Dive: Why Freelancers Want Payment Flexibility And How Businesses Can Keep Up
Deep Dive: Why Freelancers Want Payment Flexibility And How Businesses Can Keep Up
December 23, 2020  |  Digital 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....

READ MORE >
Payments Orchestration Helps Digital Goods Companies Make The Instant Sale
Payments Orchestration Helps Digital Goods Companies Make The Instant Sale
December 23, 2020  |  Retail

If there’s one universal truth amid the pandemic, it’s that we’re all binge watchers now. We’re all consumers of media, of content, of subscriptions —...

READ MORE >