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

Consumers Demand Payments Modernization
Consumers Demand Payments Modernization
August 10, 2020  |  Payments Innovation

Enough with all the “digital transformation” talk, right? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

READ MORE >
The Clearing House On The Race for Real-Time Payments In The US
The Clearing House On The Race for Real-Time Payments In The US
August 10, 2020  |  Faster Payments

Real time is getting ever closer to prime time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

READ MORE >
Fed Says America Needs Instant Payments As Soon As Possible
Fed Says America Needs Instant Payments As Soon As Possible
August 07, 2020  |  Payments Innovation

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. Get the Full Story Complete the form...

READ MORE >
Deutsche Bank On Accelerating Payments In The Digital Age
Deutsche Bank On Accelerating Payments In The Digital Age
August 07, 2020  |  Payments Innovation

Immediacy has become the name of the game for vendors and suppliers facing crumbling revenue streams. But banks can find themselves struggling to facilitate faster...

READ MORE >
Report: How Faster Disbursements Can Woo Millennial Investors
Report: How Faster Disbursements Can Woo Millennial Investors
August 07, 2020  |  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....

READ MORE >
Fed Says FedNow On Track For 2023-24 Rollout
Fed Says FedNow On Track For 2023-24 Rollout
August 06, 2020  |  Payments Innovation

The Federal Reserve Board on Thursday (Aug. 6) announced details of a 24/7 year-round interbank settlement service to accelerate the time it takes to process...

READ MORE >
The Bank-FinTech Tie-Up Evolves
The Bank-FinTech Tie-Up Evolves
August 06, 2020  |  B2B Payments

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their...

READ MORE >
For SMBs, The Pressure’s On To Embrace Payroll Flexibility
For SMBs, The Pressure’s On To Embrace Payroll Flexibility
August 06, 2020  |  B2B Payments

In a pre-pandemic world, the workforce was in dramatic flux. From the rise of the gig economy and lower barriers to becoming an independent contractor...

READ MORE >
Deutsche Bank: Regulation Complicates B2B Payments’ Digital Transformation
Deutsche Bank: Regulation Complicates B2B Payments’ Digital Transformation
August 06, 2020  |  Payments Innovation

Payments are an omnipresent part of life for corporates and consumers alike, with the United States seeing 174.2 billion noncash payments totaling $97.04 trillion in...

READ MORE >