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

QuickPay Funding Rolls Out One-Day Payment Method
QuickPay Funding Rolls Out One-Day Payment Method
August 23, 2020  |  B2B Payments

Factoring company QuickPay Funding has added a new payment system to hasten funding for small businesses, owner operators and transportation fleets, allowing one-day transfers at...

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NetSuite Updates Boost Efficiency For Invoicing, Transactions
NetSuite Updates Boost Efficiency For Invoicing, Transactions
August 23, 2020  |  B2B Payments

NetSuite is rolling out updates to help automate more of the payment cycle, including streamlined invoices, bank reconciliations and more, according to a company blog...

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Businesses Are Ready To Make The RTP Leap
Businesses Are Ready To Make The RTP Leap
August 20, 2020  |  B2B Payments

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. This...

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Mastercard, AptPay Ink Deal To Enable Faster Cash Access For Businesses
Mastercard, AptPay Ink Deal To Enable Faster Cash Access For Businesses
August 19, 2020  |  Mastercard

Mastercard and AptPay announced on Wednesday (Aug. 19) a deal that the companies said will allow “faster access to cash” for businesses of various sizes...

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Blackhawk Distributes Gift Cards To Health Workers In California
Blackhawk Distributes Gift Cards To Health Workers In California
August 18, 2020  |  Payment Methods

Payments provider Blackhawk Network is working with the California Governor’s Office of Emergency Services in order to facilitate speedy delivery of $25 million in necessary...

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To Compete Or To Collaborate: FinTechs And Banks
To Compete Or To Collaborate: FinTechs And Banks
August 14, 2020  |  Digital-First Banking

The relationship between traditional banks and the slate of FinTechs that have arisen over the past decade hasn’t always been one of enthusiastic cooperation. Big...

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Fiserv: What It Will Take For Business To Finally Get Rid Of The Paper Check
Fiserv: What It Will Take For Business To Finally Get Rid Of The Paper Check
August 13, 2020  |  Payments Innovation

U.S. consumers don’t exactly love the paper check — roughly 38 percent report that they’ve stopped using them entirely, and that shoots up to almost...

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Why FedNow, Postal Banking Might Find Spotlight in November Election
Why FedNow, Postal Banking Might Find Spotlight in November Election
August 11, 2020  |  Financial Inclusion

The presidential race is now, finally, and fully, on. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Convoy Debuts Quick Payments Tool, Fuel Card
Convoy Debuts Quick Payments Tool, Fuel Card
August 11, 2020  |  B2B Payments

Convoy, which works in digital freight, announced a new service called Convoy Factoring, which is powered by Apex Capital and touted as a cost-efficient, quick...

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