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

Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments
Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments
November 10, 2020  |  B2B Payments

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for...

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Business Payments FinTechs Embrace A Time To Innovate
Business Payments FinTechs Embrace A Time To Innovate
November 09, 2020  |  B2B Payments

With the global pandemic creating a market of volatility, corporate spend is down as businesses look to safeguard their bottom lines against macroeconomic headwinds. Get...

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WEX’s Dearborn Says B2B Payments Has Reached Tipping Point
WEX’s Dearborn Says B2B Payments Has Reached Tipping Point
November 09, 2020  |  B2B Payments

When it comes to the scope of changes that businesses have implemented in the past seven months of COVID-era adaptation, characterizing the digital shift as...

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Digital Payments, Online Ordering And Memberships Top This Week’s News
Digital Payments, Online Ordering And Memberships Top This Week’s News
November 06, 2020  |  The Weekender

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. We have deep dives...

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Building Better Construction Procurement With Virtual Cards
Building Better Construction Procurement With Virtual Cards
November 06, 2020  |  CFO

Construction firms that rely on paper-based processes can spend $50,000 or more a year processing invoices and making payments — money they can save by...

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OLB Group Debuts ACH Transactions For Businesses
OLB Group Debuts ACH Transactions For Businesses
November 06, 2020  |  B2B Payments

Cloud-based omnicommerce provider OLB has added ultra-fast payment acceptance through its SecurePay payment gateway, a press release says. Get the Full Story Complete the form...

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Digitizing B2B Payments: Virtual Cards Save CFOs Invoicing And Payments Hassles
Digitizing B2B Payments: Virtual Cards Save CFOs Invoicing And Payments Hassles
November 05, 2020  |  CFO

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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Built For Speed: Millennials Drive Move To Faster Payments
Built For Speed: Millennials Drive Move To Faster Payments
November 05, 2020  |  Faster Payments

There’s a bit from “Seinfeld” way back in the 20th century that, paraphrased, goes like this: A check is like a note from your parents...

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Real-Time Payments Steps Up To Fulfill Demand For Faster Funds
Real-Time Payments Steps Up To Fulfill Demand For Faster Funds
November 03, 2020  |  Faster Payments

To paraphrase the movie “Top Gun” … “We feel the need … the need for speed.” The payments ecosystem now prizes quickness above all things...

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