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

Alacriti, The Clearing House Team To Push Real-Time Payments Adoption
Alacriti, The Clearing House Team To Push Real-Time Payments Adoption
October 06, 2020  |  Faster Payments

A 17-year-old FinTech is teaming up with The Clearing House, one of oldest players in the U.S. financial industry that was founded before the Civil...

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Why Digitized Back Office And AP Processes Are B2B’s ‘New Normal’
Why Digitized Back Office And AP Processes Are B2B’s ‘New Normal’
October 05, 2020  |  B2B Payments

The pandemic will continue to shake up B2B payments, especially for smaller firms — and there’s no turning back. Get the Full Story Complete the...

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Nacha Adopts New Rules To Modernize ACH Payments
Nacha Adopts New Rules To Modernize ACH Payments
October 04, 2020  |  B2B Payments

Nonprofit Nacha, which enables Automated Clearing House (ACH) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will...

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Disbursements By Voice Are Growing In Popularity – And Other Instant Disbursements Trends
Disbursements By Voice Are Growing In Popularity – And Other Instant Disbursements Trends
October 01, 2020  |  Disbursements

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. Get the Full Story...

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How ‘Smart Bank Transfers’ Can Help Streamline B2B Payments
How ‘Smart Bank Transfers’ Can Help Streamline B2B Payments
October 01, 2020  |  B2B Payments

The pandemic has exposed the pain points of all verticals when it comes to payments, and especially when it comes to transacting in person, in...

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What No One Saw Coming In AP Automation And What Comes Next
What No One Saw Coming In AP Automation And What Comes Next
October 01, 2020  |  Accounts Payable

Predictions are hard, goes the old saying – particularly when they’re about the future.  Get the Full Story Complete the form to unlock this article...

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Banks, FinTechs Dive Into New Payment Rails For B2B
Banks, FinTechs Dive Into New Payment Rails For B2B
September 24, 2020  |  B2B Payments

When it comes to payment rails innovation, financial service providers can either improve upon existing infrastructure, or build entirely new rails altogether. This week’s look...

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Closing The Paper Check To Instant Cash Flow Gap For America’s SMBs
Closing The Paper Check To Instant Cash Flow Gap For America’s SMBs
September 24, 2020  |  B2B Payments

Turn the clock back a year and the world for small businesses was very different on the eve of the 2019 holiday-shopping season. The economy...

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FIS, The Clearing House Partner To Connect Small, Mid-Sized Banks, CUs To RTP
FIS, The Clearing House Partner To Connect Small, Mid-Sized Banks, CUs To RTP
September 23, 2020  |  Faster Payments

FIS has partnered with The Clearing House (TCH), the operator of the nation’s payments system infrastructure to provide instant settlements to small to mid-sized banks and credit unions...

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