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

SWIFT To Create New Cross-Border Real-Time Rails
SWIFT To Create New Cross-Border Real-Time Rails
September 17, 2020  |  Cross-border Payments

SWIFT, a global provider of secure financial messaging services, announced Wednesday (Sept. 16) that its cross-border platform will be retooled to enable financial institutions to...

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VSoft Debuts Merchant Network For Real-Time B2B Payments
VSoft Debuts Merchant Network For Real-Time B2B Payments
September 16, 2020  |  B2B Payments

To enable quicker and less expensive transactions for small and medium-sized businesses (SMBs) and peer-to-peer (P2P) users, VSoft has rolled out its new Bread merchant...

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Square Launches On Demand Payroll
Square Launches On Demand Payroll
September 15, 2020  |  Digital Payments

Square Inc. on Tuesday (Sept. 15) announced the launch of two new features the company says will make payroll easier for employers and employees alike....

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Why Early Access To Earned Wages Is No Longer Reserved For The Gig Economy
Why Early Access To Earned Wages Is No Longer Reserved For The Gig Economy
September 15, 2020  |  B2B Payments

Just like accounts payable (AP) departments, payroll clerks have been faced with major disruption as a result of the pandemic, particularly when payroll systems remain...

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RTP, Blockchain Make Inroads Within Corporations
RTP, Blockchain Make Inroads Within Corporations
September 15, 2020  |  B2B Payments

As if the coronavirus crisis wasn’t enough of a challenge for organizations still printing, cutting and mailing paper checks, the ongoing slowdowns at the U.S....

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Jumping The Instant Disbursements Perception Gap
Jumping The Instant Disbursements Perception Gap
September 11, 2020  |  Disbursements

Ever see a movie where someone executes a series of complicated, risky moves to enter someplace, only to find that the front door was unlocked...

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Why It Will Take Time For Real Time Payments To Truly Kill The Check
Why It Will Take Time For Real Time Payments To Truly Kill The Check
September 11, 2020  |  Faster Payments

The remarkable persistence of the physical check is something almost miraculous to behold in the world of payments. Get the Full Story Complete the form...

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RTP Network Reaches 56 Pct Of US Checking Account Holders
RTP Network Reaches 56 Pct Of US Checking Account Holders
September 10, 2020  |  Faster Payments

The operator of a U.S.-based payments clearing network that settles more than $2 trillion daily, reported in a press release that banks that hold 70...

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Visa, PayPal Expand Global Real-Time Payments Partnership
Visa, PayPal Expand Global Real-Time Payments Partnership
September 10, 2020  |  Global Payments

As the pandemic fuels digital payments, Visa and PayPal have expanded ways for small to medium-sized businesses (SMBs) and consumers to move money quickly, according...

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