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

Payments’ Innovation Half-Year Progress Report
Payments’ Innovation Half-Year Progress Report
June 20, 2016  |  Mobile Payments

At the start of the year, I wrote a piece that outlined six trends that I suggested would set the agenda for payments innovation and...

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A Security Lapse Is Just A Bump In The Road To Faster, Better B2B Payments
A Security Lapse Is Just A Bump In The Road To Faster, Better B2B Payments
June 16, 2016  |  B2B Payments

The interbank messaging firm SWIFT has had a rough few months. Cyberattackers were able to steal $81 million from the Bangladesh central bank by compromising the...

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VocaLink Proposes New Payments System To Ease SME Cash Flow
VocaLink Proposes New Payments System To Ease SME Cash Flow
June 15, 2016  |  B2B Payments

Industry analysts agree that late B2B payments threaten the survival of small and medium-size enterprises. Often operating within thin margins, sometimes without easy access to...

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Putting Banks On The Fast Track Toward Faster Payments
Putting Banks On The Fast Track Toward Faster Payments
June 09, 2016  |  Faster Payments

When regulators talk, the payments ecosystem listens. PYMNTS caught up with Kathleen Oldenborg, the OCC’s Director for Payment Systems Policy, to get her take on...

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A Regulator’s View Of Faster Payments
A Regulator’s View Of Faster Payments
June 08, 2016  |  Faster Payments

When regulators talk, the payments ecosystem listens. PYMNTS caught up with Kathleen Oldenborg, the OCC’s Director for Payment Systems Policy, to get her take on...

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Mobile Outweighs Speed In Treasurers’ Payments Priorities
Mobile Outweighs Speed In Treasurers’ Payments Priorities
June 08, 2016  |  B2B Payments

PYMNTS has seen a pattern, at least anecdotally, when it comes to faster payments initiatives and corporates: Executives would rather have secure payments than faster...

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FIS Report Gauges Appetite For Real-Time Payments
FIS Report Gauges Appetite For Real-Time Payments
June 08, 2016  |  B2B Payments

Each year, for the past three years, financial services firm FIS publishes its Flavors of Fast report, an examination of various faster payments initiatives. On...

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Faster Supplier Payments Aren’t Free
Faster Supplier Payments Aren’t Free
June 02, 2016  |  B2B Payments

It’s a delicate balancing act to ensure suppliers get paid within a reasonable time frame, but corporate buyers still have an opportunity to benefit from...

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Ask For Permission, Not Forgiveness
Ask For Permission, Not Forgiveness
June 01, 2016  |  Matchmakers

  Asking for permission is something our mothers taught us from Day 1. It’s also the basis for how Mike Cook, CEO & Founder of...

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