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

Mastercard’s Vosburg: Trusted Intermediaries Will Drive Consumer Data Aggregation
Mastercard’s Vosburg: Trusted Intermediaries Will Drive Consumer Data Aggregation
November 23, 2020  |  Digital-First Banking

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing...

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CoCoNet Partners With Raifeissen On B2B Payment, Cash Management
CoCoNet Partners With Raifeissen On B2B Payment, Cash Management
November 22, 2020  |  B2B Payments

Raiffeisen, the third-largest Swiss banking group, has joined up with software provider CoCoNet to launch a payment and cash management service for companies, a statement...

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Knowing When Payments Are Instant – And When They’re Not
Knowing When Payments Are Instant – And When They’re Not
November 19, 2020  |  Payment Methods

With all of the problems and challenges 2020 has thrown at us, the last thing anyone needs is a nagging perceptual rift between payees and...

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Easing The Intensifying Headache Of ACH Security Compliance
Easing The Intensifying Headache Of ACH Security Compliance
November 18, 2020  |  B2B Payments

Accepting ACH payments is often a must for companies across verticals and business models. While often described as a legacy payment rail, it’s a tried-and-true...

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Real-Time Payments Go Beyond The Need For Speed
Real-Time Payments Go Beyond The Need For Speed
November 18, 2020  |  Payments Innovation

Is real-time ready for prime time? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Brazil Upgrades Real-Time Payments Rails, Goes Live With PIX
Brazil Upgrades Real-Time Payments Rails, Goes Live With PIX
November 16, 2020  |  Digital Payments

Real-time payments continue to gain traction around the world. Case in point: Brazil. The country’s banking system is giving an upgrade to its instant payments...

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Real-Time Revs Up As Consumers’ Awareness Grows
Real-Time Revs Up As Consumers’ Awareness Grows
November 13, 2020  |  Payments Innovation

Real-time payments (RTP) methods aren’t much use if few people understand what they are, where to find them and how to use them. That’s why...

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Banking-As-A-Service (BaaS) Making Payments Faster And ‘Smarter’
Banking-As-A-Service (BaaS) Making Payments Faster And ‘Smarter’
November 13, 2020  |  Smarter Payments

Several narratives have emerged from this pandemic. First has been the focus on digital transformation that essentially saved the economy during lockdowns. Another related theme...

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Will Facebook’s Libra Be Part Of A New, Faster Payments System?
Will Facebook’s Libra Be Part Of A New, Faster Payments System?
November 11, 2020  |  Faster Payments

For Libra — the digital currency backed by Facebook and a consortium of enterprises — will speed make a difference toward adoption (if it ever...

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