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

Businesses Buckle Up as Real-Time Fraud Attempts Spike 92%
Businesses Buckle Up as Real-Time Fraud Attempts Spike 92%
May 03, 2023  |  Security & Fraud

Fraud is growing faster, which means organizations’ defenses need to constantly be evolving. Get the Full Story Complete the form to unlock this article and...

READ MORE >
UK APP Fraud Rules Will Keep Faster Payments Safer Long Term, Experts Say
UK APP Fraud Rules Will Keep Faster Payments Safer Long Term, Experts Say
May 02, 2023  |  Security & Fraud

The U.K. has been experiencing a widespread payments fraud epidemic in recent years. And to stem the tide, U.K. regulators are preparing to mandate that...

READ MORE >
GoDaddy Lets Merchants Accept Payments Via Microsoft Teams
GoDaddy Lets Merchants Accept Payments Via Microsoft Teams
May 01, 2023  |  Payment Methods

GoDaddy and Microsoft have teamed to let small businesses accept customer payments during Microsoft Teams meetings. Get the Full Story Complete the form to unlock...

READ MORE >
Silicon Valley Bank and FedNow Highlight Need for Reliable Payments Infrastructure
Silicon Valley Bank and FedNow Highlight Need for Reliable Payments Infrastructure
April 28, 2023  |  Banking

Banks and FinTechs are re-examining what needs to change after the Silicon Valley Bank collapse. Get the Full Story Complete the form to unlock this...

READ MORE >
Embedded Invoice Financing Bridges Cash Flow Gap for EU Freelancers, SMBs
Embedded Invoice Financing Bridges Cash Flow Gap for EU Freelancers, SMBs
April 27, 2023  |  SMBs

Delayed invoice payments are the bane of businesses everywhere, but for freelancers and small businesses, the sting from these late payments can be especially crippling...

READ MORE >
PYMNTS Intelligence: Merchants Can Ride Faster Payments to Improved Customer Loyalty
PYMNTS Intelligence: Merchants Can Ride Faster Payments to Improved Customer Loyalty
April 24, 2023  |  Faster 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....

READ MORE >
An Insider on Open Banking’s Power to Deliver Faster Payments
An Insider on Open Banking’s Power to Deliver Faster Payments
April 21, 2023  |  Faster 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....

READ MORE >
Speed Could Drive Demand for Open Banking Payments
Speed Could Drive Demand for Open Banking Payments
April 20, 2023  |  Faster Payments

Expectations for faster payments are rising, thanks to increased banking innovation and accelerated eCommerce adoption. As the United States readies for the Federal Reserve’s FedNow...

READ MORE >
Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits
Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits
April 18, 2023  |  CBDC

It’s unlikely that the benefits of a central bank digital currency (CBDC) would be greater than the potential risks. Get the Full Story Complete the...

READ MORE >