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

MoneyGram, bKash to Enable Real-Time Payments for 55M Users

MoneyGram, bKash to Enable Real-Time Payments for 55M Users
MoneyGram, bKash to Enable Real-Time Payments for 55M Users
November 18, 2021  |  Faster Payments

Digital P2P payments provider MoneyGram International, Inc. has integrated with Bangladesh mobile financial service bKash to enable more than 55 million bKash users to receive...

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Payment Approved, Cross River Bank Partner on Better Payment Options
Payment Approved, Cross River Bank Partner on Better Payment Options
November 18, 2021  |  B2B Payments

Financial services organization Cross River Bank and FinTech Payment Approved have partnered to provide businesses with payment options that are faster, broader, safer and more...

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Instant Payouts to Consumers from Businesses Tripled in 2021
Instant Payouts to Consumers from Businesses Tripled in 2021
November 17, 2021  |  Disbursements

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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CIT Debuts Amenities Payment Feature
CIT Debuts Amenities Payment Feature
November 16, 2021  |  Faster Payments

CIT Group Inc.’s Community Association Banking division has launched a new amenities feature in C-PropertyPay, a secure payment system to help residents and association members...

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SumUp Launches Business Accounts for Faster Deposits
SumUp Launches Business Accounts for Faster Deposits
November 16, 2021  |  B2B Payments

Global payments service provider SumUp is launching Business Accounts, a new solution for the company’s merchants in the U.K. and Europe that will enable them...

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Conferma Pay, Boost Partner to Drive Supplier Payments With Virtual Cards
Conferma Pay, Boost Partner to Drive Supplier Payments With Virtual Cards
November 16, 2021  |  B2B Payments

B2B virtual payment platform Conferma Pay and B2B payment gateway Boost Payment Solutions are teaming up to offer commercial card issuers and their corporate clients...

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TerraPay-MTN Uganda Partnership to Offer “Digital Mobility” 
TerraPay-MTN Uganda Partnership to Offer “Digital Mobility” 
November 15, 2021  |  Partnerships / Acquisitions

The Dutch payments infrastructure company TerraPay has joined forces with MTN Mobile Money Uganda Limited to power speedy transfers to beneficiaries in places like China...

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Business Payments Slower for US, Canadian Middle Market Suppliers Than Before COVID
Business Payments Slower for US, Canadian Middle Market Suppliers Than Before COVID
November 15, 2021  |  Faster Payments

The last 18 months or so of pandemic-induced remoteness have forced businesses of all types and sizes to talk about business payments optimization — and...

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Even’s Real-Time Payments Helps Workers Get Faster Access to Wages
Even’s Real-Time Payments Helps Workers Get Faster Access to Wages
November 10, 2021  |  Faster Payments

On Wednesday (Nov. 10), financial benefits platform Even teamed up with J.P. Morgan to give millions of U.S. hourly workers instant access to their earned...

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