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

Sizing Up Banks’ Payment Investment Plans
Sizing Up Banks’ Payment Investment Plans
May 03, 2016  |  B2B Payments

Think FIs are living in the past? A new report from ACI Worldwide, in conjunction with Ovum, finds banks of all types are deep in...

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SEPA Wide Instant Payments Gains (Some) Bank Support
SEPA Wide Instant Payments Gains (Some) Bank Support
April 20, 2016  |  International

EBA Clearing, a Paris-based provider of pan-European payment infrastructure, announced yesterday (April 19) that it has the support of 40 financial institutions for the creation of...

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Payments UK Launches One-Stop Shop Standards Service
Payments UK Launches One-Stop Shop Standards Service
April 20, 2016  |  International

The trade association for the British payments industry, known as Payments UK, said on Tuesday (April 19) that it has debuted a “new one-stop shop”...

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