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

Slowing Down Faster Payments Fraud

Slowing Down Faster Payments Fraud
Slowing Down Faster Payments Fraud
August 03, 2017  |  Security & Fraud

Fraudsters are good at what they do. Payments got faster, but so did criminals. Banks built more defenses, and bad guys jumped over them with...

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NEW REPORT: The Community Banks’ Faster Payments Wake-Up Call
NEW REPORT: The Community Banks’ Faster Payments Wake-Up Call
August 03, 2017  |  Faster Payments

The faster payments get, the less tolerable waiting becomes for customers, businesses and other financial players. But in late July, one of the biggest waits...

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PayFacs Versus Merchants Of Record: Who Will Win?
PayFacs Versus Merchants Of Record: Who Will Win?
August 02, 2017  |  Retail

FinTech innovators love the payment facilitator (PayFac), a shift that WePay co-founder Rich Aberman outlined in Episode 1 of the Payment Facilitators series with Karen...

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Vantiv On Attracting And Keeping Developers Engaged
Vantiv On Attracting And Keeping Developers Engaged
July 26, 2017  |  Matchmakers

Developers platforms have quickly gone from being cutting edge to being something like table stakes for serious financial technology players, as Karen Webster observed in...

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What’s Fast And Slow And Read All Over?
What’s Fast And Slow And Read All Over?
July 24, 2017  |  Payment Methods

Innovative ideas are inspired by smart people who see problems and have the conviction, capital and courage to come up with new ways to solve...

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U.K.-Based Monzo Cautiously Optimistic About New Accounts
U.K.-Based Monzo Cautiously Optimistic About New Accounts
July 18, 2017  |  Digital Banking

After a stumble in its card payments, which we reported on in last week’s news cycle, U.K.-based Monzo is moving forward with its next rollout phase. Get...

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PSR Offers Up Annual Report and Regulatory Roadmap
PSR Offers Up Annual Report and Regulatory Roadmap
July 12, 2017  |  Regulation

The latest annual report by the Payments System Regulator, which oversees the British payments industry, debuted Thursday – and gives a nod to the competitiveness...

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How Faster Payments Collaboration Breeds Financial Services Competition
How Faster Payments Collaboration Breeds Financial Services Competition
July 10, 2017  |  B2B Payments

Accelerated payments initiatives like the U.K.’s Faster Payments Scheme (FPS) are only valuable when financial institutions and other players can actually access the service. That’s...

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Does The U.S. Faster Payment System Need A Federal Mandate?
Does The U.S. Faster Payment System Need A Federal Mandate?
July 10, 2017  |  Faster Payments

Get ready. When the Fed’s Faster Payments Task Force issues its mammoth recommendation for strengthening the U.S. payment system later this month, it’s unlikely a...

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