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

Embracing An ISO 20022 Roadmap
Embracing An ISO 20022 Roadmap
July 25, 2016  |  B2B Payments

Dialogue continues among stakeholders in adopting an ISO framework, especially in cross-border B2B payments, and key considerations center on an incremental or more comprehensive approach...

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Mastercard On Why VocaLink – And Why Now
Mastercard On Why VocaLink – And Why Now
July 22, 2016  |  Acquiring

Since the announcement yesterday of Mastercard’s $920 million acquisition of VocaLink all eyes have been on the U.K. scale opportunity. But Michael Miebach, Mastercard’s Chief...

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When Cross-Border Payment Pain Leaves Both Sides Hurting
When Cross-Border Payment Pain Leaves Both Sides Hurting
July 20, 2016  |  Cross Border Commerce

There’s a global phenomenon afoot that takes the notion of cross-border payments to a new level – the high value-low frequency transactions made by a...

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For SMEs, It’s A Small World After All
For SMEs, It’s A Small World After All
July 19, 2016  |  B2B Payments

The U.K. referendum was a massive wakeup call to markets everywhere: The world economy truly is an interconnected web, and what happens at Point A...

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Helping Bring Equal Access To Faster Payments
Helping Bring Equal Access To Faster Payments
July 07, 2016  |  Faster Payments

It’s happening. With the launch of Same Day ACH Phase 1 now just a little more than two months away, banks are getting ready for...

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Same Day’s September 23rd Game Day
Same Day’s September 23rd Game Day
July 06, 2016  |  Faster Payments

It’s happening. With the launch of Same Day ACH Phase 1 now just a little more than two months away, banks are getting ready for...

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Deloitte Constructing Global 5-Second Payments Portal
Deloitte Constructing Global 5-Second Payments Portal
July 05, 2016  |  B2B Payments

Deloitte has announced plans to construct a cross-border payments platform and will work with developers at Stellar to make it a reality. Reports late last...

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