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

Corporates Take A Deeper Dive Into Blockchain
Corporates Take A Deeper Dive Into Blockchain
February 25, 2021  |  B2B Payments

Blockchain and digital currencies continue to garner more attention among corporate finance leaders and their financial service providers, with this week’s Payment Rail Innovation tracker...

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Deep Dive: Bringing Request For Payments To Bear Against Late Payments
Deep Dive: Bringing Request For Payments To Bear Against Late Payments
February 23, 2021  |  Faster Payments

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Positive Developments In Retail Earnings And Faster Payments
Positive Developments In Retail Earnings And Faster Payments
February 22, 2021  |  Today In Data

Tanger Factory Outlet Centers has reported that its open-air shopping campuses nearly reached their pre-pandemic traffic levels in the last quarter. In international retail, surging Asian demand for leather...

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How Real-Time Request-For-Payment Features Can Ease Cash Flow Strains
How Real-Time Request-For-Payment Features Can Ease Cash Flow Strains
February 22, 2021  |  Faster Payments

Late payments can sink businesses, but there is a fix: request-for-payment that allows consumers to pay and billers to instantly receive funds. Hisham Salama, executive...

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Report: Request For Payment Seen By Banks As Real Time Payments Game Changer
Report: Request For Payment Seen By Banks As Real Time Payments Game Changer
February 19, 2021  |  Faster Payments

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Growth Opportunity: AeroPay Looks To Take The Cash Out of Cannabis
Growth Opportunity: AeroPay Looks To Take The Cash Out of Cannabis
February 05, 2021  |  Payment Methods

Talk about a growth industry. By the end of 2022, the global cannabis industry will have a $22 billion market value, with a jump to...

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Borrowing From The Nordic Region’s Smart Disbursements Playbook
Borrowing From The Nordic Region’s Smart Disbursements Playbook
February 04, 2021  |  Digital Payments

The American press has for years had a minor obsession with comparing the U.S. economy with that of Scandinavian nations. It’s understandable, as those economies...

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Super Apps Rising: Mobile Drives Digital Payments Uptick In Pakistan
Super Apps Rising: Mobile Drives Digital Payments Uptick In Pakistan
February 02, 2021  |  Payment Methods

In Pakistan, and elsewhere, the stars are aligning for greater use of digital banking and payments to improve financial inclusion. To that end, Amir Wain, CEO...

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Microservices Create New Payments Products And Solutions
Microservices Create New Payments Products And Solutions
January 29, 2021  |  Banking

It may not seem to be an easy connection to make, but as financial institutions (FIs) continue their quest for innovation, they may learn something...

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