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

ProcessOut and Trustly Partner to Simplify Bank Payments for Merchants
ProcessOut and Trustly Partner to Simplify Bank Payments for Merchants
March 06, 2025  |  Partnerships

ProcessOut and Trustly partnered to simplify bank payments for merchants across Europe. Get the Full Story Complete the form to unlock this article and enjoy...

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Self-Serve Retail Rises on ‘Smart Commerce’ Technology
Self-Serve Retail Rises on ‘Smart Commerce’ Technology
February 20, 2025  |  Retail

Self-serve commerce has come a long way since the concept was introduced almost 40 years ago by a company called CheckRobot. Developers back then were...

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45% of Non-Recurring Transactions Now Use Instant Payments
45% of Non-Recurring Transactions Now Use Instant Payments
February 17, 2025  |  Payment Methods

The gig economy and gaming industries have driven a rise in ad hoc transactions, payments made outside of regular invoicing and payroll. Businesses are relying...

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Nearly a Third of Banks Lack a Faster Payments Plan — and Risk Losing Customers
Nearly a Third of Banks Lack a Faster Payments Plan — and Risk Losing Customers
February 11, 2025  |  Real-Time Payments

To quote The Bard, or more specifically, Hamlet: “The readiness is all.” Get the Full Story Complete the form to unlock this article and enjoy...

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BNY Makes $10M Instant Payment; Largest in US History
BNY Makes $10M Instant Payment; Largest in US History
February 10, 2025  |  Real-Time Payments

The Clearing House said it transmitted the largest instant payment in United States history. Get the Full Story Complete the form to unlock this article...

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Conferma and WEX Collaboration Integrates Virtual Cards Into Invoice Process
Conferma and WEX Collaboration Integrates Virtual Cards Into Invoice Process
February 10, 2025  |  Partnerships

Conferma and WEX are enabling Concur Invoice users to pay suppliers using a WEX-issued virtual Mastercard and Conferma’s virtual card platform. Get the Full Story...

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Banks Offering Instant Payments Say Bills Are Top Consumer Use
Banks Offering Instant Payments Say Bills Are Top Consumer Use
February 07, 2025  |  Real-Time Payments

For banks still on the fence about real-time payments, here’s a reality check: Not offering instant payments doesn’t just mean losing potential new customers —...

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FIS Earns Certification to Enable Send Capabilities in FedNow Service
FIS Earns Certification to Enable Send Capabilities in FedNow Service
February 04, 2025  |  Faster Payments

FinTech company FIS said Tuesday (Feb. 4) that it is now certified to enable send capabilities for credit transfers in the FedNow® Service. Get the...

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Jack Henry Adds Visa Direct to Rapid Transfer Offering
Jack Henry Adds Visa Direct to Rapid Transfer Offering
February 03, 2025  |  Partnerships

FinTech Jack Henry has launched a collaboration with payments giant Visa. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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