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

Filling The Gaps, Securing The Weak Spots
Filling The Gaps, Securing The Weak Spots
February 28, 2020  |  Today In Data

There is no shortage of pressure points where consumers are pushing for progress – faster payments, mobile wallets, unattended retail, 5G … take your pick....

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Great Hill Partners Acquires Insurance Payments Startup One Inc
Great Hill Partners Acquires Insurance Payments Startup One Inc
February 28, 2020  |  Acquiring

Insurance-leaning digital payments solutions vendor One Inc has been acquired by growth-oriented private equity firm Great Hill Partners, according to a release on Wednesday (Feb. 26). ...

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Mastercard’s Incoming CEO’s Take On The Future Of Payments
Mastercard’s Incoming CEO’s Take On The Future Of Payments
February 26, 2020  |  Mastercard

A big change is coming to Mastercard, which will soon be marking the end of an era as its longtime CEO Ajay Banga departs from...

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UK Unicorn Checkout.com Makes Deal To Acquire ProcessOut
UK Unicorn Checkout.com Makes Deal To Acquire ProcessOut
February 26, 2020  |  Acquiring

Checkout.com, which works in global payment solutions, has made an acquisition in French payment company ProcessOut, the company said in an emailed press release. Financial...

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Today In Payments: EU Wants PSD2-Like Regs For Big Tech Data; Goldman Sachs Warns Of Market Drop Due To Coronavirus
Today In Payments: EU Wants PSD2-Like Regs For Big Tech Data; Goldman Sachs Warns Of...
February 20, 2020  |  News

In today’s top news, the European Commission has plans to pool its data to better compete with Big Tech firms, and Goldman Sachs warns that...

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How Smart Algorithms Deliver Faster, Secure Gig Payouts
How Smart Algorithms Deliver Faster, Secure Gig Payouts
February 20, 2020  |  Gig Economy

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Mastercard: Collaboration Is Key To Scaling Real-Time Payments
Mastercard: Collaboration Is Key To Scaling Real-Time Payments
February 19, 2020  |  B2B Payments

With speed being the most obvious value proposition of real-time payments capabilities, and with businesses often looking to extend payment terms as long as possible,...

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Taking The Temperature Of B2B Payments In Healthcare
Taking The Temperature Of B2B Payments In Healthcare
February 18, 2020  |  B2B Payments

The U.S. healthcare system is a multi-trillion dollar industry, but one rife with inefficiencies, especially when it comes to payments. In an interview with PYMNTS,...

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Mastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News
Mastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News
February 14, 2020  |  News

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and...

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