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

Onbe and ScrapRight Enable Digital Payouts by Scrapyards, Recycling Centers
Onbe and ScrapRight Enable Digital Payouts by Scrapyards, Recycling Centers
April 11, 2024  |  Digital Payments

Onbe and ScrapRight have partnered to help scrapyards and recycling centers make instant digital payouts to sellers. Get the Full Story Complete the form to unlock this article...

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Settle CEO Says GenAI Expedites Cash Flow Management
Settle CEO Says GenAI Expedites Cash Flow Management
April 11, 2024  |  artificial intelligence

The way businesses pay vendors, handle invoices and apply for financing is, in many ways, what defines and drives their business strategy.  Get the Full...

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ServiceUp Adds Expedited Payment Processing to Auto Repair Shop Platform
ServiceUp Adds Expedited Payment Processing to Auto Repair Shop Platform
April 10, 2024  |  Faster Payments

ServiceUp added an expedited payment processing feature to its auto repair shop management platform. Get the Full Story Complete the form to unlock this article and...

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Trustly and Light & Wonder Team on Cashless Casino Deposits
Trustly and Light & Wonder Team on Cashless Casino Deposits
April 10, 2024  |  Partnerships

Trustly launched a payments partnership with games company Light & Wonder. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Mastercard Realigns Organizational Structure, Adds ‘Data and AI’ Group
Mastercard Realigns Organizational Structure, Adds ‘Data and AI’ Group
April 09, 2024  |  Mastercard

Mastercard realigned its organizational structure to support its strategic priorities and position itself for “the next era of growth.” Get the Full Story Complete the form...

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Gig Economy and Gaming Push Instant Payments Forward
Gig Economy and Gaming Push Instant Payments Forward
April 09, 2024  |  Money Mobility

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Kyriba and JPMorgan’s Onyx Collaborate on Blockchain-Based X-Border Payments
Kyriba and JPMorgan’s Onyx Collaborate on Blockchain-Based X-Border Payments
April 08, 2024  |  Partnerships

Kyriba and J.P. Morgan’s blockchain business unit, Onyx, are collaborating to streamline cross-border payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Managed Services Give Banks End-to-End Look at Real-Time Payments 
Managed Services Give Banks End-to-End Look at Real-Time Payments 
April 05, 2024  |  Real-Time Payments

Laura Sullivan, senior product manager at Form3, told PYMNTS in an interview that as faster payments gain ground in the United States, fraudsters are lying in...

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RTP Network Reports 15% Growth per Quarter Since 2019
RTP Network Reports 15% Growth per Quarter Since 2019
April 04, 2024  |  Real-Time Payments

The Clearing House’s RTP® Network has seen growth in both transaction volume and value in 19 out of the last 20 quarters, dating back to 2019. Get...

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