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

Australian Bank Debuts BizExpress To Speed Up SMB Financing

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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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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