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

Qolo, moneycorp Integrate For Foreign Exchange B2B Payment Solution
Qolo, moneycorp Integrate For Foreign Exchange B2B Payment Solution
July 30, 2020  |  B2B Payments

B2B payments hub Qolo is integrating with international payment company moneycorp in order to offer a new foreign exchange payments solution to help businesses access...

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For Corporate Treasurers, The Real-Time Payments Stakes Are High
For Corporate Treasurers, The Real-Time Payments Stakes Are High
July 29, 2020  |  B2B Payments

With faster and real-time payments progress being made in the U.S. on multiple fronts, consumers are often at the focus of emerging conversations about the...

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Mastercard Enrolls With Pay.UK To Speed Up B2B Payments
Mastercard Enrolls With Pay.UK To Speed Up B2B Payments
July 27, 2020  |  B2B Payments

Mastercard has officially enrolled in the Pay.UK‘s Request to Pay service, which aims to allow customers to view and pay bills in a more streamlined,...

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Today In Payments: Economists Predict Recovery Will Take Two Years Or More; Google Faces Lawsuit In Australia
Today In Payments: Economists Predict Recovery Will Take Two Years Or More; Google Faces Lawsuit...
July 27, 2020  |  News

In today’s top news, economists say the U.S. economy could take two years to recover, and Google faces a lawsuit in Australia over its use...

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From Paper To Digital To Money On Demand: Who’ll Lead The Way?
From Paper To Digital To Money On Demand: Who’ll Lead The Way?
July 27, 2020  |  Digital Payments

Banks missed out on the first big wave of digital payments, but they don’t have to miss out on the next, Ingo Money CEO Drew...

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New Report: Why Real-Time Settlement Can Make or Break Main Street Businesses
New Report: Why Real-Time Settlement Can Make or Break Main Street Businesses
July 27, 2020  |  SMBs

It’s been long said that small- to medium-sized businesses (SMBs) are the backbone of the American economy. Get the Full Story Complete the form to...

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Why Collaboration Is Credit Unions’ Payments Innovation Advantage
Why Collaboration Is Credit Unions’ Payments Innovation Advantage
July 24, 2020  |  B2B Payments

One of the biggest differences between a bank and a credit union (CU) is that unlike a for-profit bank, a CU is owned by its...

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IRS Says Much Of Next Stimulus Payout Will Be Faster Direct Deposits
IRS Says Much Of Next Stimulus Payout Will Be Faster Direct Deposits
July 23, 2020  |  Faster Payments

The money for a second round of $1,200 stimulus checks for individual Americans could come quicker than the first, according to The Wall Street Journal...

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FinTechs Enhance The Value Of Real-Time Payment Rails
FinTechs Enhance The Value Of Real-Time Payment Rails
July 23, 2020  |  B2B Payments

This week’s look at payment rail innovation is all about value-added offerings on existing rails, as well as on emerging real-time payment schemes. Get the...

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