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

Small Business Sellers Push Online Marketplaces For Real-time Settlement
Small Business Sellers Push Online Marketplaces For Real-time Settlement
August 31, 2020  |  Faster Payments

Online marketplaces are leaving hundreds of billions of dollars on the table by failing to offer real-time, digital payment options, a new report finds. Get...

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New Report: How Online Marketplaces Can Capture The $129 Billion Small Business Seller Opportunity
New Report: How Online Marketplaces Can Capture The $129 Billion Small Business Seller Opportunity
August 31, 2020  |  SMBs

The pandemic has Main Street businesses turning to online marketplaces to boost sales. But for sellers dealing with cash-flow shortages, marketplace payout speeds aren't cutting...

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Meeting The Payments Needs Of Cross-Border Gig Workers
Meeting The Payments Needs Of Cross-Border Gig Workers
August 31, 2020  |  Gig Economy

Even before the pandemic upended the ways we live and work, the workforce itself was shifting, marked by the rapid expansion of the gig economy....

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USPS Slowdowns Add More Hurdles To B2B Payments
USPS Slowdowns Add More Hurdles To B2B Payments
August 30, 2020  |  Delivery

New delays at the United States Postal Service (USPS) have complicated B2B payments further even as they were already disrupted by the pandemic, The Los...

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CheckAlt, NXTsoft Partner To Boost Real-Time Integrations
CheckAlt, NXTsoft Partner To Boost Real-Time Integrations
August 30, 2020  |  B2B Payments

CheckAlt, which provides treasury management and item processing, is partnering with OmniConnect, NXTsoft‘s secure connectivity solution, to allow for faster real-time integrations, a press release...

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Retail’s Digital Shift, SPACs, And DoorDash’s IPO Plans Top This Week’s News
Retail’s Digital Shift, SPACs, And DoorDash’s IPO Plans Top This Week’s News
August 28, 2020  |  News

It’s the end of another week and the end of a busy month. The PYMNTS Weekender is here to catch you up on the latest...

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Smaller FIs At The Real-Time Payments Crossroads
Smaller FIs At The Real-Time Payments Crossroads
August 28, 2020  |  B2B Payments

Interest in real-time payments continues to climb among financial institutions (FIs) as more options enter the ecosystem. Between the acceleration of ACH, the upcoming launch...

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Australian Bank Debuts BizExpress To Speed Up SMB Financing
Australian Bank Debuts BizExpress To Speed Up SMB Financing
August 27, 2020  |  B2B Payments

Commonwealth Bank of Australia (CBA) has introduced a new digital service that expedites the distribution of pandemic-related loans, allowing small- to medium-sized businesses (SMBs) to...

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Making The Business Case For Employer-Sponsored Financial-Wellness Tools
Making The Business Case For Employer-Sponsored Financial-Wellness Tools
August 26, 2020  |  Personnel

For all the myriad challenges COVID-19 has created for the world of work, it’s also created some critical opportunities. Jeff Gies, ADP vice president, told PYMNTS...

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