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

Treasurers Forge a ‘Holistic’ View of Firms’ Financial and Technological Health
Treasurers Forge a ‘Holistic’ View of Firms’ Financial and Technological Health
June 16, 2023  |  Business

As credit becomes more expensive, businesses need to examine how they manage working capital — and how technology can help them do so. Get the...

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Visa and Sunrate Team on X-Border Business Payments
Visa and Sunrate Team on X-Border Business Payments
June 15, 2023  |  Cross-border Payments

Visa and payment and treasury management platform Sunrate have teamed to boost its cross-border payment offerings. Get the Full Story Complete the form to unlock this...

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Shopify and Volt Forge Open Banking Partnership
Shopify and Volt Forge Open Banking Partnership
June 14, 2023  |  Partnerships

eCommerce company Shopify has named Volt as its open banking partner. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Credit Unions Gear Up to Build Instant Payments Ecosystems as FedNow Looms
Credit Unions Gear Up to Build Instant Payments Ecosystems as FedNow Looms
June 13, 2023  |  Credit Unions

July 2023 will mark the second time in six years that a new real-time payments rail will go live in the United States. Get the...

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A Paycheck-to-Paycheck Consumer Needs Faster Payouts
A Paycheck-to-Paycheck Consumer Needs Faster Payouts
June 13, 2023  |  Real-Time Payments

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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Data Orchestration in the Cloud Powers Fast, Flexible and Secure Payments
Data Orchestration in the Cloud Powers Fast, Flexible and Secure Payments
June 07, 2023  |  Technology

Digital services have become par for the course in modern payments and banking. Get the Full Story Complete the form to unlock this article and...

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Platforms Speed Banks Global Real-Time Payments Plans
Platforms Speed Banks Global Real-Time Payments Plans
June 06, 2023  |  Payments As A Service

As the world becomes increasingly digital, financial institutions and enterprises are facing a new challenge: onboarding and connecting to a proliferating number of real-time payments...

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80% of Millennials Use Mobile Wallets to Pay Bills
80% of Millennials Use Mobile Wallets to Pay Bills
June 05, 2023  |  Mobile Wallets

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Adyen Launches Payout Services to Provide Faster Global Payments
Adyen Launches Payout Services to Provide Faster Global Payments
June 01, 2023  |  Faster Payments

Adyen, the financial technology platform that powers the likes of Facebook, Uber, H&M, eBay, and Microsoft, has launched its Payout Services. This offering allows Adyen...

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