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

Amex: On-Demand Working Capital Solutions Let Buyers, Suppliers Pick Their Payments Day
Amex: On-Demand Working Capital Solutions Let Buyers, Suppliers Pick Their Payments Day
December 07, 2020  |  Digital Payments

At a time when the pandemic has fueled a surge in creative corporate payment solutions, American Express has revamped its Early Pay supply chain solution...

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Mastercard: COVID-19 Is Prompting Treasury Banks To Prioritize Digital Payments
Mastercard: COVID-19 Is Prompting Treasury Banks To Prioritize Digital Payments
December 03, 2020  |  Digital Payments

The digital shift brought on by the coronavirus has caused treasury banks to reprioritize their support of digital payments as consumers and merchants increasingly demand...

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Iceland Central Bank Debuts Instant Payments
Iceland Central Bank Debuts Instant Payments
November 30, 2020  |  B2B Payments

The Central Bank of Iceland (CBI) is debuting a new instant pay platform with partnership with SIA, a European company specializing in high-tech payment services...

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Readying For Real-Time, All The Time
Readying For Real-Time, All The Time
November 30, 2020  |  Payments Innovation

When people began experiencing the joy of instant peer-to-peer (P2P) payments a few short years ago, the genie was out of the bottle. There was...

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Non-Banks In Singapore To Get Access To Real-Time Payment Rails
Non-Banks In Singapore To Get Access To Real-Time Payment Rails
November 30, 2020  |  International

Non-bank lenders in Singapore will soon be granted access to the country’s digital payments platforms PayNow and FAST, according to a statement from the Monetary...

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Quicker Payment Expectations Are Driving Real-Time Payroll Forward At Paychex
Quicker Payment Expectations Are Driving Real-Time Payroll Forward At Paychex
November 26, 2020  |  Faster Payments

Waiting two weeks to be paid doesn’t have to be par for the payroll course, says Tom Hammond, vice president of corporate strategy and product...

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Real-Time Payments Move Past Early Adopters
Real-Time Payments Move Past Early Adopters
November 25, 2020  |  Payment Methods

The tipping point toward real-time payments’ ubiquity might be closer than many observers think, Mark Ranta, payments practice lead at FinTech Alacriti, told PYMNTS in...

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Report: Paychex Gives Traditional Payroll Cycle A Real-Time Makeover
Report: Paychex Gives Traditional Payroll Cycle A Real-Time Makeover
November 25, 2020  |  Faster Payments

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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Adobe Introduces B2B Capability For Customer Data Platform
Adobe Introduces B2B Capability For Customer Data Platform
November 24, 2020  |  B2B Payments

Adobe is extending the parameters for its Real-time Customer Data Platform (CDP) offering to include B2B data and workflows, the company announced in a Tuesday...

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