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

Payment Hubs Offer Banks a Path to Avert $98.5 Million in Annual Losses
Payment Hubs Offer Banks a Path to Avert $98.5 Million in Annual Losses
June 13, 2025  |  Banking

In a digitized financial landscape, traditional banks are facing an imperative to transform their payment infrastructures, driven by customer expectations and competition from digital-first challengers....

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Tariffs Create Tailwind For Cross-Border Digital Wallet Usage
Tariffs Create Tailwind For Cross-Border Digital Wallet Usage
June 12, 2025  |  Cross-border Payments

Beyond the headlines on tariffs, trade and their macroeconomic implications, the back and forth about exports and imports highlights the importance of smooth fund flows...

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India: No Plans to Intro New Fees on UPI Transactions
India: No Plans to Intro New Fees on UPI Transactions
June 12, 2025  |  Payments As A Service

India’s government is denying rumors of new fees on the country’s popular instant payment system. Get the Full Story Complete the form to unlock this...

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Payrails Raises $32 Million to Streamline Enterprise Payments
Payrails Raises $32 Million to Streamline Enterprise Payments
June 12, 2025  |  Fintech Investments

Berlin-based payment software FinTech Payrails has raised $32 million in new funding. Get the Full Story Complete the form to unlock this article and enjoy...

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US Real-Time Payments Need the Cloud to Scale
US Real-Time Payments Need the Cloud to Scale
June 11, 2025  |  Real-Time Payments

The global financial ecosystem is undergoing a rapid transformation as real-time payment systems gain traction. Get the Full Story Complete the form to unlock this...

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Bank of America Says Higher RTP Limit Enables New B2B Use Cases
Bank of America Says Higher RTP Limit Enables New B2B Use Cases
June 10, 2025  |  Real-Time Payments

Six weeks after The Clearing House raised the transaction limit on real-time payments from $1 million to $10 million Feb. 9, transactions over $1 million...

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Instant Payments Shield Businesses From Vendor Disruptions
Instant Payments Shield Businesses From Vendor Disruptions
June 10, 2025  |  Faster Payments

The ability for large enterprises to disburse funds instantly has become a key strategic priority, especially when demands for immediate payments are high. Get the...

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US Government Shuns Checks as GAO Highlights $43 Billion in Card Payments
US Government Shuns Checks as GAO Highlights $43 Billion in Card Payments
June 03, 2025  |  Digital Payments

In March, President Donald Trump signed an executive order that mandated a shift away from paper checks for government-related transactions. Get the Full Story Complete...

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Push-to-Debit Tops Consumer Choice for Instant Payouts
Push-to-Debit Tops Consumer Choice for Instant Payouts
June 02, 2025  |  Disbursements

Imagine you’re owed a payment, whether it’s a gig paycheck, an insurance claim or a loan disbursement. Get the Full Story Complete the form to...

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