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

Cybersource and EBANX Team Up on Brazil Payments Platform 

Cybersource and EBANX Team Up on Brazil Payments Platform 
Cybersource and EBANX Team Up on Brazil Payments Platform 
October 18, 2021  |  Partnerships

eCommerce credit card payment platform Cybersource and Brazilian FinTech EBANX announced on Monday (Oct. 18) a collaboration that will streamline payments for customers across Brazil....

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Scottish Students’ Faces Scanned for Contactless Lunch Payments
Scottish Students’ Faces Scanned for Contactless Lunch Payments
October 18, 2021  |  Cross-border Payments

Nine schools in the North Ayrshire area of Scotland started using facial recognition on Monday (Oct. 18) to verify the identities of children for lunch...

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Fifth Third Bank Sees Instant Payments as Competitive Play to Win Businesses
Fifth Third Bank Sees Instant Payments as Competitive Play to Win Businesses
October 15, 2021  |  Disbursements

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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Bonsai, Afterpay Team on BNPL Program for Online Publishers 
Bonsai, Afterpay Team on BNPL Program for Online Publishers 
October 13, 2021  |  BNPL

Native checkout company Bonsai and buy now, pay later (BNPL) platform Afterpay on Wednesday (Oct. 13) announced a collaboration on an online shopping program that...

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Clickatell to Demo Chat Commerce Platform
Clickatell to Demo Chat Commerce Platform
October 13, 2021  |  Mobile Payments

Mobile communications commerce company Clickatell will offer demonstrations of new payment capabilities through its Chat Commerce Platform at the Money 20/20 convention in Las Vegas, Oct....

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TD Bank Debuts Invoicing to Business Simple Checking Accounts
TD Bank Debuts Invoicing to Business Simple Checking Accounts
October 12, 2021  |  B2B Payments

TD Bank is expanding its partnership with Autobooks, adding a new invoicing feature, according to a press release. Get the Full Story Complete the form...

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BNY Mellon, Microsoft Azure Boost Cloud-Based Wire Payments
BNY Mellon, Microsoft Azure Boost Cloud-Based Wire Payments
October 12, 2021  |  Partnerships

BNY Mellon is moving its wire payments infrastructure to Microsoft Azure and is also developing a treasury cash management relationship with Microsoft Treasury built on...

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15% of B2B Payments Do Not Reach the Designated Company on Time
15% of B2B Payments Do Not Reach the Designated Company on Time
October 11, 2021  |  B2B Payments

Sometimes the check really is in the mail, yet it still doesn’t arrive at its destination on time. Other times, online bill payments may not...

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