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

Easing The Intensifying Headache Of ACH Security Compliance
Easing The Intensifying Headache Of ACH Security Compliance
November 18, 2020  |  B2B Payments

Accepting ACH payments is often a must for companies across verticals and business models. While often described as a legacy payment rail, it’s a tried-and-true...

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Real-Time Payments Go Beyond The Need For Speed
Real-Time Payments Go Beyond The Need For Speed
November 18, 2020  |  Payments Innovation

Is real-time ready for prime time? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Brazil Upgrades Real-Time Payments Rails, Goes Live With PIX
Brazil Upgrades Real-Time Payments Rails, Goes Live With PIX
November 16, 2020  |  Digital Payments

Real-time payments continue to gain traction around the world. Case in point: Brazil. The country’s banking system is giving an upgrade to its instant payments...

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Real-Time Revs Up As Consumers’ Awareness Grows
Real-Time Revs Up As Consumers’ Awareness Grows
November 13, 2020  |  Payments Innovation

Real-time payments (RTP) methods aren’t much use if few people understand what they are, where to find them and how to use them. That’s why...

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Banking-As-A-Service (BaaS) Making Payments Faster And ‘Smarter’
Banking-As-A-Service (BaaS) Making Payments Faster And ‘Smarter’
November 13, 2020  |  Smarter Payments

Several narratives have emerged from this pandemic. First has been the focus on digital transformation that essentially saved the economy during lockdowns. Another related theme...

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Will Facebook’s Libra Be Part Of A New, Faster Payments System?
Will Facebook’s Libra Be Part Of A New, Faster Payments System?
November 11, 2020  |  Faster Payments

For Libra — the digital currency backed by Facebook and a consortium of enterprises — will speed make a difference toward adoption (if it ever...

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Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments
Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments
November 10, 2020  |  B2B Payments

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for...

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Business Payments FinTechs Embrace A Time To Innovate
Business Payments FinTechs Embrace A Time To Innovate
November 09, 2020  |  B2B Payments

With the global pandemic creating a market of volatility, corporate spend is down as businesses look to safeguard their bottom lines against macroeconomic headwinds. Get...

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WEX’s Dearborn Says B2B Payments Has Reached Tipping Point
WEX’s Dearborn Says B2B Payments Has Reached Tipping Point
November 09, 2020  |  B2B Payments

When it comes to the scope of changes that businesses have implemented in the past seven months of COVID-era adaptation, characterizing the digital shift as...

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