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

ACI Worldwide Teams with Banks to Integrate UAE’s Instant Payments
ACI Worldwide Teams with Banks to Integrate UAE’s Instant Payments
January 20, 2022  |  Faster Payments

Real-time digital payment software provider ACI Worldwide is helping banks connect to the United Arab Emirates’ (UAE) Instant Payments Platform (IPP) expected to roll out...

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Mortgage Lending Gets Its Digital, Real Time Payouts Makeover
Mortgage Lending Gets Its Digital, Real Time Payouts Makeover
January 20, 2022  |  Consumer 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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Tribal Casino Downstream, Global Payments Collab for Cashless Gaming
Tribal Casino Downstream, Global Payments Collab for Cashless Gaming
January 19, 2022  |  Partnerships

Downstream Casino Resort is collaborating with Global Payments Gaming Solutions and its VIP Mobility tool to enable cashless casino gaming and digital options as alternatives...

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Multinationals Embrace On-Demand Payroll in MENA
Multinationals Embrace On-Demand Payroll in MENA
January 18, 2022  |  Faster Payments

A staggering 73% of employees rank finances as their number source of stress in life, leading to significant loss of productivity, attrition, absenteeism, presenteeism and...

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Netspend: 2021 Was the Year of Employee Empowerment
Netspend: 2021 Was the Year of Employee Empowerment
January 18, 2022  |  Opinion

Just as today’s online consumer wants control over how they pay, employees are finding that they have more employment choices than ever before. They also...

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33% of Consumers Will Pay a Fee for Instant Access to Payouts
33% of Consumers Will Pay a Fee for Instant Access to Payouts
January 17, 2022  |  Disbursements

New data shows one-third of U.S. consumers are willing to pay to have faster access to disbursements that are paid to them. In fact, consumers...

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49% of Businesses Report AR Technology Improved Collections
49% of Businesses Report AR Technology Improved Collections
January 17, 2022  |  B2B Payments

Delayed business-to-business (B2B) payments are a considerable source of pain for suppliers, and many are becoming more sensitive to the fact that paper-based payment methods...

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Demand for Faster Payouts Drives Digitization in Europe’s Insurance Space
Demand for Faster Payouts Drives Digitization in Europe’s Insurance Space
January 17, 2022  |  Insurance

In the past two years, the pandemic-induced digital shift has forced payment providers and other organizations to improve their payout processes, especially as consumers seek...

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Cocoon Teams with EML’s Nuapay to Drive Digital Payments for Car Dealers
Cocoon Teams with EML’s Nuapay to Drive Digital Payments for Car Dealers
January 13, 2022  |  Digital Payments

Payments platform Cocoon is partnering with EML’s opening banking product suite solution Nuapay to drive digital payments at car dealerships and save on processing fess...

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