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

Incentives Unlock The Value Of RTP Data For Corporates
Incentives Unlock The Value Of RTP Data For Corporates
May 14, 2021  |  B2B Payments

When FIS announced the debut of its RealNet offering, it was the latest signal from the payments industry that real-time account-to-account (A2A) payments are positioned...

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Debit Account Validation Manages ACH Fraud Amid Faster Payment Changes
Debit Account Validation Manages ACH Fraud Amid Faster Payment Changes
May 13, 2021  |  Faster Payments

Faster payments have grown at breakneck speed over the past few years. In the first quarter of 2020 alone, it’s setting new records in payment...

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Why 25 FI, Payments CEOs Got Behind RTP® Network’s Request For Payment Initiative
Why 25 FI, Payments CEOs Got Behind RTP® Network’s Request For Payment Initiative
May 12, 2021  |  Digital-First Banking

Beyond peer-to-peer (P2P) payments, the shift to real-time payments spurred by the pandemic is poised to change the way we keep the lights on, the...

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State Farm Enlists Fiserv For Faster Claims Payouts
State Farm Enlists Fiserv For Faster Claims Payouts
May 11, 2021  |  Faster Payments

Insurance giant State Farm is working with the payments fintech Fiserv Inc. to give customers faster payouts for car and fire claims. The company announced...

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Taking A Back-To-Basics Approach To Payroll Innovation
Taking A Back-To-Basics Approach To Payroll Innovation
May 07, 2021  |  B2B Payments

Payroll has, perhaps to the surprise of some, emerged as a popular focus of B2B FinTech innovators looking to disrupt the way companies manage funds...

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Online Gaming Places Its Bets On Real Time Payments
Online Gaming Places Its Bets On Real Time Payments
May 07, 2021  |  Faster Payments

There is always some sport or another in season — which means sports betting is always in season. In fact, as we all learned last...

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AR Keeps The B2B Payments Innovation Focus On Transparency
AR Keeps The B2B Payments Innovation Focus On Transparency
May 04, 2021  |  Faster Payments

There is a convergence occurring in the B2B payments space that raises new questions about the best path to cutting back friction. The emergence of...

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FIS’ RealNet Aims To Speed Up RTP Adoption In US (And Beyond) 
FIS’ RealNet Aims To Speed Up RTP Adoption In US (And Beyond) 
April 28, 2021  |  Faster Payments

Real-time payments may be on everyone’s radar, and though a number of domestic schemes have been proliferating around the world, the U.S. has been lagging,...

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The 21st-Century Payments System For The Digital Economy
The 21st-Century Payments System For The Digital Economy
April 28, 2021  |  Faster Payments

Jim Aramanda, president and CEO of The Clearing House, explains why the RTP (Real-Time Payments) network is the payments system built for the 21st-century digital...

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