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

gpi Makes SWIFT Cross-Border Gains
gpi Makes SWIFT Cross-Border Gains
December 20, 2018  |  B2B Payments

SWIFT has noted that gpi payments make up more than half of its cross-border traffic. The Fed sees marquee tech names pushing for faster payments,...

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Ingo CEO On 2018’s Push Payments ‘Great Awakening’ (And What’s Next)
Ingo CEO On 2018’s Push Payments ‘Great Awakening’ (And What’s Next)
December 19, 2018  |  Payment Methods

With the launch of Ingo Money QuickConnect last week, the company capped off a year that CEO Drew Edwards told Karen Webster could best be...

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Australia Budgets For SMB Cybersecurity, Five-Day Supplier Payments
Australia Budgets For SMB Cybersecurity, Five-Day Supplier Payments
December 18, 2018  |  B2B Payments

The Australian government has announced plans to set aside millions of dollars to support small business (SMB) cybersecurity, digitization efforts and accelerated supplier payment times,...

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SWIFT gpi Used For More Than Half Of Cross-Border Traffic
SWIFT gpi Used For More Than Half Of Cross-Border Traffic
December 18, 2018  |  Faster Payments

SWIFT said Tuesday (December 18) that its SWIFT gpi payment service is being used for more than half of SWIFT’s cross-border traffic. Get the Full Story...

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UK Late Pay Epidemic Looms Over Xmas Season
UK Late Pay Epidemic Looms Over Xmas Season
December 17, 2018  |  B2B Payments

The U.K. seems to be the epicenter of the late payments epidemic, and new stats bear out the cost to the tune of billions of...

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Did Payments 2018 Predictions Come True?
Did Payments 2018 Predictions Come True?
December 17, 2018  |  Payments Innovation

In about two weeks, 2018 will be one for the history books. And from a payments and commerce perspective, it really has been one heck...

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Vocalink: Freezing Mule Accounts With AML Tech
Vocalink: Freezing Mule Accounts With AML Tech
December 14, 2018  |  Security & Fraud

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

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Peru Taps Vocalink In Payments System Overhaul
Peru Taps Vocalink In Payments System Overhaul
December 13, 2018  |  B2B Payments

Real-time payments is a goal in Peru, as the automated clearing house there links with Vocalink. Retailers want real-time transactions, too, and SWIFT continues to broaden...

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How Smarter Payments Are Making The Gig Economy Safer
How Smarter Payments Are Making The Gig Economy Safer
December 13, 2018  |  Smarter Payments

Even as technologies and payments get smarter, some firms still employ less-than-smart practices. For example, in the freelance market, says Engage Technology Partners Chief Product...

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