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

ProducePay Unveils Faster Payments for Produce Growers
ProducePay Unveils Faster Payments for Produce Growers
February 18, 2022  |  Faster Payments

ProducePay, which offers a marketplace to connect produce growers with capital and data, has unveiled a product called Quick-Pay+ that it said will offer growers...

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Nigerian FinTech Earnipay Nets $4M in Seed Funding for On-Demand Pay
Nigerian FinTech Earnipay Nets $4M in Seed Funding for On-Demand Pay
February 17, 2022  |  Investments

FinTech on-demand salary access provider Earnipay has closed a $4 million seed round, the Nigerian company announced Thursday (Feb. 17). Get the Full Story Complete...

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Mastercard Names 16 Partners to Its Real-Time Digital Payments Program
Mastercard Names 16 Partners to Its Real-Time Digital Payments Program
February 17, 2022  |  Mastercard

Mastercard has chosen 16 companies to take part in its the Mastercard Send Partner Program, designed to help banks, FinTech providers and system integrators deliver...

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85% of CFOs Report Rising Credit Card Use and Lock Box Use for Digital Payments
85% of CFOs Report Rising Credit Card Use and Lock Box Use for Digital Payments
February 14, 2022  |  B2B Payments

Enterprises looking to simplify and streamline payments flows are adopting digital technologies to make that goal. Get the Full Story Complete the form to unlock...

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Average SMB Offers 4.1% Discount for Early Payments 
Average SMB Offers 4.1% Discount for Early Payments 
February 10, 2022  |  B2B Payments

Small and medium-sized businesses (SMBs) face an uphill battle in persuading their business-to-business (B2B) customers to pay irregular, ad hoc payments — those that are...

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Factoring Grows Up as Truckers Pair Modern Financial Products With Faster Payments
Factoring Grows Up as Truckers Pair Modern Financial Products With Faster Payments
February 08, 2022  |  B2B Payments

When BasicBlock CEO and Co-Founder Taylor Monks has a question related to software the company develops for trucking companies, he drives to a truck stop....

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eSports Firm Unified Turns to FinTech Tipalti for Payouts
eSports Firm Unified Turns to FinTech Tipalti for Payouts
February 04, 2022  |  Disbursements

eSports company Unified has formed a partnership with the payments service Tipalti to handle payments to players in Unified tournaments. Get the Full Story Complete...

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Bitcoin’s 10-Minute Block Time Batches and Fluctuating Transaction Fees Give RTP a Leg Up
Bitcoin’s 10-Minute Block Time Batches and Fluctuating Transaction Fees Give RTP a Leg Up
February 04, 2022  |  Bitcoin

ACH transactions get a lot of criticism for batching transactions into a few bundles a day, slowing down the time it takes for transactions to...

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ACH Network up to 29.1B Payments Valued at $72.6T in 2021
ACH Network up to 29.1B Payments Valued at $72.6T in 2021
February 03, 2022  |  Faster Payments

The modern ACH Network saw “significant growth” in 2021, processing 29.1 billion payments totaling $72.6 trillion, while same-day automated clearing house (ACH) payment volume was...

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