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

India’s UPI Real-Time Payments System Tops 9 Billion Monthly Transactions
India’s UPI Real-Time Payments System Tops 9 Billion Monthly Transactions
June 01, 2023  |  Real-Time Payments

India’s monthly Unified Payments Interface (UPI) transaction count has topped 9 billion in a single month. Get the Full Story Complete the form to unlock this article...

READ MORE >
More Consumers Chose Instant Payout Options for Insurance Disbursements in 2022
More Consumers Chose Instant Payout Options for Insurance Disbursements in 2022
May 31, 2023  |  Disbursements

While 2022 was something of a banner year in that $1.37 trillion in insurance claim payouts were sent, and $277 billion — or 20% —...

READ MORE >
Batch Payments to Become a Long-Lived Reality in Real-Time World
Batch Payments to Become a Long-Lived Reality in Real-Time World
May 24, 2023  |  Real-Time Payments

The shift toward real-time payments won’t doom batch payments to extinction. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

READ MORE >
ACI Worldwide Launches New Solution for Low-Value Cross-Border Payments
ACI Worldwide Launches New Solution for Low-Value Cross-Border Payments
May 22, 2023  |  Cross-border Payments

ACI Worldwide has launched a new solution for sending low-value cross-border, real-time payments. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
An Insider on Accelerating Open Banking for Real-Time Payments
An Insider on Accelerating Open Banking for Real-Time Payments
May 22, 2023  |  Real-Time Payments

Open banking could unlock the next step in real-time payments’ evolution by bringing them directly to consumers through banks’ APIs — but acceptance in the...

READ MORE >
Real-Time Money Mobility Helps Treasury Bank Customers Leave ‘Banker’s Hours’ Behind
Real-Time Money Mobility Helps Treasury Bank Customers Leave ‘Banker’s Hours’ Behind
May 22, 2023  |  Real-Time Payments

The age of banker’s hours may finally be ending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

READ MORE >
Weave Adds Online Bill Pay for Faster Healthcare Payments
Weave Adds Online Bill Pay for Faster Healthcare Payments
May 17, 2023  |  Faster Payments

Customer communication platform Weave has added online bill pay to its product suite. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

READ MORE >
Instant Payments to Put an End to Cashier’s Checks at Real Estate Settlements
Instant Payments to Put an End to Cashier’s Checks at Real Estate Settlements
May 16, 2023  |  Real-Time Payments

Real estate, put simply, often involves the largest transaction that any of us as individuals ever tackle. Get the Full Story Complete the form to...

READ MORE >
FinTech Issuers Admit to Making Moving Money In and Out of Accounts a Hassle
FinTech Issuers Admit to Making Moving Money In and Out of Accounts a Hassle
May 15, 2023  |  Consumer Finance

Money mobility — a measure of how fast and frictionless it is to send and receive money to and from accounts — is becoming common...

READ MORE >