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

USPS Slowdowns Add More Hurdles To B2B Payments
USPS Slowdowns Add More Hurdles To B2B Payments
August 30, 2020  |  Delivery

New delays at the United States Postal Service (USPS) have complicated B2B payments further even as they were already disrupted by the pandemic, The Los...

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CheckAlt, NXTsoft Partner To Boost Real-Time Integrations
CheckAlt, NXTsoft Partner To Boost Real-Time Integrations
August 30, 2020  |  B2B Payments

CheckAlt, which provides treasury management and item processing, is partnering with OmniConnect, NXTsoft‘s secure connectivity solution, to allow for faster real-time integrations, a press release...

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Retail’s Digital Shift, SPACs, And DoorDash’s IPO Plans Top This Week’s News
Retail’s Digital Shift, SPACs, And DoorDash’s IPO Plans Top This Week’s News
August 28, 2020  |  News

It’s the end of another week and the end of a busy month. The PYMNTS Weekender is here to catch you up on the latest...

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Smaller FIs At The Real-Time Payments Crossroads
Smaller FIs At The Real-Time Payments Crossroads
August 28, 2020  |  B2B Payments

Interest in real-time payments continues to climb among financial institutions (FIs) as more options enter the ecosystem. Between the acceleration of ACH, the upcoming launch...

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Australian Bank Debuts BizExpress To Speed Up SMB Financing
Australian Bank Debuts BizExpress To Speed Up SMB Financing
August 27, 2020  |  B2B Payments

Commonwealth Bank of Australia (CBA) has introduced a new digital service that expedites the distribution of pandemic-related loans, allowing small- to medium-sized businesses (SMBs) to...

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Making The Business Case For Employer-Sponsored Financial-Wellness Tools
Making The Business Case For Employer-Sponsored Financial-Wellness Tools
August 26, 2020  |  Personnel

For all the myriad challenges COVID-19 has created for the world of work, it’s also created some critical opportunities. Jeff Gies, ADP vice president, told PYMNTS...

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QuickPay Funding Rolls Out One-Day Payment Method
QuickPay Funding Rolls Out One-Day Payment Method
August 23, 2020  |  B2B Payments

Factoring company QuickPay Funding has added a new payment system to hasten funding for small businesses, owner operators and transportation fleets, allowing one-day transfers at...

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NetSuite Updates Boost Efficiency For Invoicing, Transactions
NetSuite Updates Boost Efficiency For Invoicing, Transactions
August 23, 2020  |  B2B Payments

NetSuite is rolling out updates to help automate more of the payment cycle, including streamlined invoices, bank reconciliations and more, according to a company blog...

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Businesses Are Ready To Make The RTP Leap
Businesses Are Ready To Make The RTP Leap
August 20, 2020  |  B2B Payments

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. This...

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