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

Readying For Real-Time, All The Time
Readying For Real-Time, All The Time
November 30, 2020  |  Payments Innovation

When people began experiencing the joy of instant peer-to-peer (P2P) payments a few short years ago, the genie was out of the bottle. There was...

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Non-Banks In Singapore To Get Access To Real-Time Payment Rails
Non-Banks In Singapore To Get Access To Real-Time Payment Rails
November 30, 2020  |  International

Non-bank lenders in Singapore will soon be granted access to the country’s digital payments platforms PayNow and FAST, according to a statement from the Monetary...

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Quicker Payment Expectations Are Driving Real-Time Payroll Forward At Paychex
Quicker Payment Expectations Are Driving Real-Time Payroll Forward At Paychex
November 26, 2020  |  Faster Payments

Waiting two weeks to be paid doesn’t have to be par for the payroll course, says Tom Hammond, vice president of corporate strategy and product...

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Real-Time Payments Move Past Early Adopters
Real-Time Payments Move Past Early Adopters
November 25, 2020  |  Payment Methods

The tipping point toward real-time payments’ ubiquity might be closer than many observers think, Mark Ranta, payments practice lead at FinTech Alacriti, told PYMNTS in...

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Report: Paychex Gives Traditional Payroll Cycle A Real-Time Makeover
Report: Paychex Gives Traditional Payroll Cycle A Real-Time Makeover
November 25, 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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Adobe Introduces B2B Capability For Customer Data Platform
Adobe Introduces B2B Capability For Customer Data Platform
November 24, 2020  |  B2B Payments

Adobe is extending the parameters for its Real-time Customer Data Platform (CDP) offering to include B2B data and workflows, the company announced in a Tuesday...

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Mastercard’s Vosburg: Trusted Intermediaries Will Drive Consumer Data Aggregation
Mastercard’s Vosburg: Trusted Intermediaries Will Drive Consumer Data Aggregation
November 23, 2020  |  Digital-First Banking

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing...

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CoCoNet Partners With Raifeissen On B2B Payment, Cash Management
CoCoNet Partners With Raifeissen On B2B Payment, Cash Management
November 22, 2020  |  B2B Payments

Raiffeisen, the third-largest Swiss banking group, has joined up with software provider CoCoNet to launch a payment and cash management service for companies, a statement...

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Knowing When Payments Are Instant – And When They’re Not
Knowing When Payments Are Instant – And When They’re Not
November 19, 2020  |  Payment Methods

With all of the problems and challenges 2020 has thrown at us, the last thing anyone needs is a nagging perceptual rift between payees and...

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