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

The Big Tech Canary In The Faster Payments Coal Mine
The Big Tech Canary In The Faster Payments Coal Mine
January 21, 2019  |  Faster Payments

There’s a canary in the faster payments coal mine. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Lloyds Banking Group Reports Faster Payments Outage
Lloyds Banking Group Reports Faster Payments Outage
January 18, 2019  |  Banking

Lloyds Banking Group, which includes Bank of Scotland, Halifax and Lloyds, has suffered a faster payments glitch that affects customers’ ability to get money, according...

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US Faster Payments Council Names New Leadership
US Faster Payments Council Names New Leadership
January 15, 2019  |  Personnel

The U.S. Faster Payments Council (FPC), a membership comprised of payment industry leaders, has appointed Kevin Christensen, a senior executive at the SHAZAM network, as...

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Today In Data: Convenience Delivered By Speed And Streamlining
Today In Data: Convenience Delivered By Speed And Streamlining
January 11, 2019  |  Today In Data

The key to making something more convenient for consumers usually lies in one of two areas: making something faster to do, or making it simpler...

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Today In Data: Convenience Delivered By Speed And Streamlining
Today In Data: Convenience Delivered By Speed And Streamlining
January 11, 2019  |  Today In Data

The key to making something more convenient for consumers usually lies in one of two areas: making something faster to do, or making it simpler...

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Russia’s Electronic B2B Payments Expectations Go Beyond B2C
Russia’s Electronic B2B Payments Expectations Go Beyond B2C
January 11, 2019  |  B2B Payments

B2B payments always seems to be a step or two behind B2C payments innovation, on several fronts. It’s often struggling to make progress, weighed down...

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Death And Taxes: One Is Becoming Much More Digital
Death And Taxes: One Is Becoming Much More Digital
January 10, 2019  |  Disbursements

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process,...

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Alipay In X-Border Blockchain Pact
Alipay In X-Border Blockchain Pact
January 10, 2019  |  B2B Payments

Blockchain grabbed some headlines this past week as DLT helped foster new cross border payment initiatives, notably from Alipay and Ripple.  Elsewhere, Faster Payments gains...

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On-Demand Wages Spruce Up The $400B Home Services Market
On-Demand Wages Spruce Up The $400B Home Services Market
January 10, 2019  |  Disbursements

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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