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

Can Real-Time Data Render Credit Scores Obsolete?
Can Real-Time Data Render Credit Scores Obsolete?
November 15, 2019  |  Faster Payments

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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Faster Payments Readies Global Payroll For A Paradigm Shift
Faster Payments Readies Global Payroll For A Paradigm Shift
November 14, 2019  |  B2B Payments

Increasingly, the gold standard for payments is invisibility. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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Ingo Money Dives Into Real-Time Payments Ubiquity Challenges
Ingo Money Dives Into Real-Time Payments Ubiquity Challenges
November 13, 2019  |  B2B Payments

Faster payments continue to gain traction in the U.S., as service providers old and new introduce more options for consumer and business payers to move...

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FTC Head: Fed Needs Real-Time Payments Mechanism
FTC Head: Fed Needs Real-Time Payments Mechanism
November 08, 2019  |  Faster Payments

Federal Trade Commission (FTC) Commissioner Rohit Chopra wrote a letter to the Federal Reserve saying projects like Libra (Facebook’s proposed cryptocurrency) illustrate the need for...

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Bottomline: The Watershed Hurdles B2B RTP Must Clear
Bottomline: The Watershed Hurdles B2B RTP Must Clear
November 08, 2019  |  B2B Payments

As real-time payments (RTP) gain traction with consumers via peer-to-peer (P2P), the pump may be primed for business-to-business (B2B) transactions to follow suit. Get the...

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To Accelerate Payments, Mix Rails Or Nix Rails?
To Accelerate Payments, Mix Rails Or Nix Rails?
November 05, 2019  |  B2B Payments

Jack Henry Associates announced last week that it has on-boarded an additional 15 financial institutions to The Clearing House’s RTP network in the latest sign...

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How Open Banking Drives Real-Time Payments Traction
How Open Banking Drives Real-Time Payments Traction
November 04, 2019  |  B2B Payments

Competitive forces in the payments and financial services sector have driven two key trends in the U.S.: the acceleration of payments, and the adoption of...

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Why Slow Payments Aren’t Necessarily Safer Payments
Why Slow Payments Aren’t Necessarily Safer Payments
October 30, 2019  |  Faster Payments

As of late 2019, there are few people left who need to be talked into the “why” of instant payments — that case has already...

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Instant Payment Adoption Soars Year Over Year
Instant Payment Adoption Soars Year Over Year
October 29, 2019  |  Payment Methods

Instant payments are having a moment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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