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

FBI Sets Sights On Payroll Fraud Scheme

FBI Sets Sights On Payroll Fraud Scheme
FBI Sets Sights On Payroll Fraud Scheme
September 21, 2018  |  B2B Payments

Payroll fraud is underway, according to the FBI's "IC3" division, targeting employees in a number of verticals. The key method is phishing. Elsewhere, Europol warns...

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Typhoon Won’t Delay Hong Kong’s Real-Time Payment Launch: HKMA
Typhoon Won’t Delay Hong Kong’s Real-Time Payment Launch: HKMA
September 19, 2018  |  B2B Payments

Financial service providers in Hong Kong are readying to facilitate real-time payments for both corporate and non-corporate customers as the market’s Faster Payment System (FPS)...

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NACHA Approves Expansion Of Same Day ACH
NACHA Approves Expansion Of Same Day ACH
September 17, 2018  |  Payment Methods

NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers....

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How Mastercard And The Red Cross Are Taking On Natural Disaster Payments
How Mastercard And The Red Cross Are Taking On Natural Disaster Payments
September 17, 2018  |  Mastercard

When Mastercard launched Send in 2015, the focus was on making it easy to move money quickly between businesses and people using the debit card as...

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Why Certainty Rules Payments
Why Certainty Rules Payments
September 17, 2018  |  Payments Innovation

I needed a few outdoor cushions earlier this season and hired a local upholstery shop to make them. This small business is a really small...

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Florence’s Aftermath: Have Insurance Claims Payments Evolved Since Hurricanes Harvey And Irma?
Florence’s Aftermath: Have Insurance Claims Payments Evolved Since Hurricanes Harvey And Irma?
September 17, 2018  |  Faster Payments

Exactly one year before Hurricane Florence began her reign of terror in the Carolinas, Karen Webster interviewed’s Ingo Money CEO Drew Edwards and Visa’s senior...

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Shedding Light On FX And Supply Chain Risks Amid Cross-Border Payments
Shedding Light On FX And Supply Chain Risks Amid Cross-Border Payments
September 13, 2018  |  B2B Payments

Smaller firms are boosting their overseas business activity, leading them to be exposed to FX swings and trading partner risk. New options and initiatives, such...

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Mastercard Debuts B2B Trade Platform For SMBs
Mastercard Debuts B2B Trade Platform For SMBs
September 12, 2018  |  B2B Payments

Mastercard, collaborating with Microsoft, said on Wednesday (Sept. 12) that it is unveiling a digitized B2B platform geared toward global trade conducted by small and...

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Today In Data: The Challenge Of Speeding Up Payments While Slowing Down Fraud
Today In Data: The Challenge Of Speeding Up Payments While Slowing Down Fraud
September 11, 2018  |  Today In Data

An awful lot of dark money moves round the world each year – between 2 and 5 percent of global GDP by UN estimates. And that figure...

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