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

Instant Pay Startup Clair Notches $4.5M To Help Gig Workers
Instant Pay Startup Clair Notches $4.5M To Help Gig Workers
October 09, 2020  |  Investments

New York City-based FinTech startup Clair has raised $4.5 million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get...

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Clearing Up Instant Payments No ‘Stop Payment’ Confusion
Clearing Up Instant Payments No ‘Stop Payment’ Confusion
October 08, 2020  |  Digital Payments

Consumers love the opportunity to get paid instantly when they can. After all, who doesn’t want to get their money faster? Get the Full Story...

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How Payments-As-A-Service Can Modernize Banks’ Payment Processes
How Payments-As-A-Service Can Modernize Banks’ Payment Processes
October 07, 2020  |  B2B Payments

In Europe, as has been seen elsewhere, banks and other financial institutions (FIs) must grapple with payments modernization but are burdened by legacy systems and...

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Alacriti, The Clearing House Team To Push Real-Time Payments Adoption
Alacriti, The Clearing House Team To Push Real-Time Payments Adoption
October 06, 2020  |  Faster Payments

A 17-year-old FinTech is teaming up with The Clearing House, one of oldest players in the U.S. financial industry that was founded before the Civil...

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Why Digitized Back Office And AP Processes Are B2B’s ‘New Normal’
Why Digitized Back Office And AP Processes Are B2B’s ‘New Normal’
October 05, 2020  |  B2B Payments

The pandemic will continue to shake up B2B payments, especially for smaller firms — and there’s no turning back. Get the Full Story Complete the...

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Nacha Adopts New Rules To Modernize ACH Payments
Nacha Adopts New Rules To Modernize ACH Payments
October 04, 2020  |  B2B Payments

Nonprofit Nacha, which enables Automated Clearing House (ACH) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will...

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Disbursements By Voice Are Growing In Popularity – And Other Instant Disbursements Trends
Disbursements By Voice Are Growing In Popularity – And Other Instant Disbursements Trends
October 01, 2020  |  Disbursements

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. Get the Full Story...

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How ‘Smart Bank Transfers’ Can Help Streamline B2B Payments
How ‘Smart Bank Transfers’ Can Help Streamline B2B Payments
October 01, 2020  |  B2B Payments

The pandemic has exposed the pain points of all verticals when it comes to payments, and especially when it comes to transacting in person, in...

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What No One Saw Coming In AP Automation And What Comes Next
What No One Saw Coming In AP Automation And What Comes Next
October 01, 2020  |  Accounts Payable

Predictions are hard, goes the old saying – particularly when they’re about the future.  Get the Full Story Complete the form to unlock this article...

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