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

Virgin Atlantic, CellPoint Digital Form Payment Orchestration Partnership
Virgin Atlantic, CellPoint Digital Form Payment Orchestration Partnership
January 17, 2024  |  News

Virgin Atlantic has formed a partnership with airline-focused payment orchestration company CellPoint Digital. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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43% of Consumers Receiving Business Expense Reimbursements Opt for Instant Payments
43% of Consumers Receiving Business Expense Reimbursements Opt for Instant Payments
January 16, 2024  |  Disbursements

The waning of COVID-19 pandemic has triggered a surge in travel and expenses as professionals increasingly attend conferences and meet with clients. This shift has...

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Interoperability and Transparency Are Key Challenges as Cross-Border Payments Modernize
Interoperability and Transparency Are Key Challenges as Cross-Border Payments Modernize
January 15, 2024  |  Cross-border Payments

When three quarters of a given market are dissatisfied with the way things are going, that’s a market ripe for innovation and technology in the...

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Looking to Capture the Real-Time Opportunity in B2B Payments? You’re Not Alone
Looking to Capture the Real-Time Opportunity in B2B Payments? You’re Not Alone
January 15, 2024  |  B2B Payments

The thing about traditional B2B payment methods is that they tend to be rather … traditional. Get the Full Story Complete the form to unlock...

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Nearly 25% of B2B Real Estate Payments Are Made via Cash or Check
Nearly 25% of B2B Real Estate Payments Are Made via Cash or Check
January 15, 2024  |  B2B Payments

Despite the entrenchment of automated clearing house transfers as the preferred payment method for real estate companies and the advancement of real-time payments observed in...

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 2024: The Year for Pay-by-Bank
 2024: The Year for Pay-by-Bank
January 12, 2024  |  Opinion

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that...

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Treasurers Look to Their Bankers to Co-Create Embedded Payments Solutions
Treasurers Look to Their Bankers to Co-Create Embedded Payments Solutions
January 12, 2024  |  Payment Methods

Debopama Sen, head of payments, Citi Services, and Biswarup Chatterjee, head of partnerships and innovation, Citi Services, told Karen Webster that when it comes to...

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Buyer-Supplier Relationships Are Being Reshaped in a Crucible of Convenience
Buyer-Supplier Relationships Are Being Reshaped in a Crucible of Convenience
January 11, 2024  |  B2B Payments

Change can happen slowly, and then suddenly all at once.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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2024: A Pivotal Shift for Instant Payments
2024: A Pivotal Shift for Instant Payments
January 10, 2024  |  Opinion

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that...

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