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

Gaming Payments Company Mazooma Launches Immediate Payout Feature
Gaming Payments Company Mazooma Launches Immediate Payout Feature
April 27, 2021  |  Faster Payments

The gaming payments provider Mazooma has unveiled a new feature that allows players to receive immediate payments into their bank accounts. This feature is the...

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Bank Of America Sees More Than Healthcare In Axia Acquisition
Bank Of America Sees More Than Healthcare In Axia Acquisition
April 27, 2021  |  Healthcare

On the surface, it appeared as a typical acquisition. A bank, Bank Of America, acquires a healthcare payments platform, Axia Technologies, to strengthen its patient/provider...

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Digital Approaches To Retail And Faster Payments
Digital Approaches To Retail And Faster Payments
April 23, 2021  |  Today In Data

Better-than-expected digital sales and fewer discounts helped set the stage for record quarterly results for rural lifestyle retailer Tractor Supply Company. In retail, Fetch Rewards is flipping the script on customer...

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Cross-Border Complexity Requires New Approach For Global B2B Marketplaces
Cross-Border Complexity Requires New Approach For Global B2B Marketplaces
April 23, 2021  |  B2B Payments

For eCommerce retailers of all geographies, sizes and stripes, the world has become their marketplace. As such, it promises limitless scale and opportunity, most of...

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SMBs Choose Their Cross-Border Payment Priorities
SMBs Choose Their Cross-Border Payment Priorities
April 22, 2021  |  B2B Payments

The pain points of cross-border B2B payments are well known: a lack of transparency, sluggish speeds and hidden costs — not to mention foreign exchange...

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Saudi Payments Teams With IBM, Mastercard To Launch Instant Payments
Saudi Payments Teams With IBM, Mastercard To Launch Instant Payments
April 21, 2021  |  Faster Payments

Saudi Arabia’s Saudi Payments Network is teaming up with IBM and Mastercard to launch instant payments in the kingdom. The country’s new instant payments system —...

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Unlocking The Recipe For Better B2B Payments
Unlocking The Recipe For Better B2B Payments
April 21, 2021  |  B2B Payments

Payment capabilities are growing more sophisticated, and corporates’ own demands from their banking partners are intensifying. But what, exactly, goes into delivering a better B2B...

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Circle CEO: Crypto’s Growth Depends On Improved Settlement Process
Circle CEO: Crypto’s Growth Depends On Improved Settlement Process
April 21, 2021  |  Cryptocurrency

The cryptocurrency drumbeat continues to build. Coinbase has gone public. PayPal and Venmo allow customers to buy, sell and store cryptocurrencies.  Tesla lets consumers use bitcoin...

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Digital-First Economy Requires Global View And Local Strategy
Digital-First Economy Requires Global View And Local Strategy
April 21, 2021  |  Digital Payments

More brands are making the digital shift, embracing eCommerce more fully than ever before, allowing them to enter new markets around the globe, across borders...

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