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

Banks, FinTechs Dive Into New Payment Rails For B2B
Banks, FinTechs Dive Into New Payment Rails For B2B
September 24, 2020  |  B2B Payments

When it comes to payment rails innovation, financial service providers can either improve upon existing infrastructure, or build entirely new rails altogether. This week’s look...

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Closing The Paper Check To Instant Cash Flow Gap For America’s SMBs
Closing The Paper Check To Instant Cash Flow Gap For America’s SMBs
September 24, 2020  |  B2B Payments

Turn the clock back a year and the world for small businesses was very different on the eve of the 2019 holiday-shopping season. The economy...

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FIS, The Clearing House Partner To Connect Small, Mid-Sized Banks, CUs To RTP
FIS, The Clearing House Partner To Connect Small, Mid-Sized Banks, CUs To RTP
September 23, 2020  |  Faster Payments

FIS has partnered with The Clearing House (TCH), the operator of the nation’s payments system infrastructure to provide instant settlements to small to mid-sized banks and credit unions...

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SWIFT To Create New Cross-Border Real-Time Rails
SWIFT To Create New Cross-Border Real-Time Rails
September 17, 2020  |  Cross-border Payments

SWIFT, a global provider of secure financial messaging services, announced Wednesday (Sept. 16) that its cross-border platform will be retooled to enable financial institutions to...

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VSoft Debuts Merchant Network For Real-Time B2B Payments
VSoft Debuts Merchant Network For Real-Time B2B Payments
September 16, 2020  |  B2B Payments

To enable quicker and less expensive transactions for small and medium-sized businesses (SMBs) and peer-to-peer (P2P) users, VSoft has rolled out its new Bread merchant...

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Square Launches On Demand Payroll
Square Launches On Demand Payroll
September 15, 2020  |  Digital Payments

Square Inc. on Tuesday (Sept. 15) announced the launch of two new features the company says will make payroll easier for employers and employees alike....

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Why Early Access To Earned Wages Is No Longer Reserved For The Gig Economy
Why Early Access To Earned Wages Is No Longer Reserved For The Gig Economy
September 15, 2020  |  B2B Payments

Just like accounts payable (AP) departments, payroll clerks have been faced with major disruption as a result of the pandemic, particularly when payroll systems remain...

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RTP, Blockchain Make Inroads Within Corporations
RTP, Blockchain Make Inroads Within Corporations
September 15, 2020  |  B2B Payments

As if the coronavirus crisis wasn’t enough of a challenge for organizations still printing, cutting and mailing paper checks, the ongoing slowdowns at the U.S....

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Jumping The Instant Disbursements Perception Gap
Jumping The Instant Disbursements Perception Gap
September 11, 2020  |  Disbursements

Ever see a movie where someone executes a series of complicated, risky moves to enter someplace, only to find that the front door was unlocked...

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