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

FedNow’s Progress on Instant Payments May Weaken Case for Digital Dollar
FedNow’s Progress on Instant Payments May Weaken Case for Digital Dollar
March 09, 2022  |  Faster Payments

Deciding whether to create a digital dollar was a key part of an executive order President Joe Biden announced Wednesday morning (March 9) to create...

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Workforce Payments Platform Branch Closes $75M Funding Round
Workforce Payments Platform Branch Closes $75M Funding Round
March 09, 2022  |  Investments

Branch, the Minneapolis-based workforce payments platform, has closed on a $75 million Series C funding round, the company announced Wednesday (March 9). Get the Full...

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State Governments Move to ACH as Checks No Longer Cut It for Consumers and Businesses
State Governments Move to ACH as Checks No Longer Cut It for Consumers and Businesses
March 09, 2022  |  Faster Payments

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Today in B2B: Tech Firms’ Payment Operations Need Boost; Gig Workers Rely on FinTechs for Faster Payouts
Today in B2B: Tech Firms’ Payment Operations Need Boost; Gig Workers Rely on FinTechs for...
March 08, 2022  |  B2B Payments

Today in B2B payments, Thirdfort raises $20 million for its ID verification platform, and Swiftly raises $100 million in Series B fundraising round. Plus, Hopscotch...

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Average Marketplace Seller Waits 3.3 Days to Get Paid
Average Marketplace Seller Waits 3.3 Days to Get Paid
March 07, 2022  |  B2B Payments

Many small sellers rely on digital marketplaces to stay afloat. Still, they face an ongoing challenge when it comes to promptly receiving the sales proceeds...

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Product Development Automation, Collaboration Boost Payments Innovation
Product Development Automation, Collaboration Boost Payments Innovation
March 03, 2022  |  Payment Methods

In a 24/7 world of digital commerce that spans the globe, payments velocity — and the velocity of innovation itself — is critical. Get the...

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PYMNTS Intelligence: How Businesses Can Reap the Benefits of Achieving Payments Ubiquity
PYMNTS Intelligence: How Businesses Can Reap the Benefits of Achieving Payments Ubiquity
February 24, 2022  |  Disbursements

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Banking App Nerve Broadens Reach Across Creator Economy With Embedded Banking
Banking App Nerve Broadens Reach Across Creator Economy With Embedded Banking
February 23, 2022  |  API

Banking app Nerve on Wednesday (Feb. 23) unveiled public application programming interfaces (APIs) that will broaden its reach beyond music creators to the entire creator...

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Linking Networks Key to Delivering Instant Payments Ubiquity
Linking Networks Key to Delivering Instant Payments Ubiquity
February 22, 2022  |  Disbursements

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