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

BNY Makes $10M Instant Payment; Largest in US History

BNY Makes $10M Instant Payment; Largest in US History
BNY Makes $10M Instant Payment; Largest in US History
February 10, 2025  |  Real-Time Payments

The Clearing House said it transmitted the largest instant payment in United States history. Get the Full Story Complete the form to unlock this article...

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Conferma and WEX Collaboration Integrates Virtual Cards Into Invoice Process
Conferma and WEX Collaboration Integrates Virtual Cards Into Invoice Process
February 10, 2025  |  Partnerships

Conferma and WEX are enabling Concur Invoice users to pay suppliers using a WEX-issued virtual Mastercard and Conferma’s virtual card platform. Get the Full Story...

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Banks Offering Instant Payments Say Bills Are Top Consumer Use
Banks Offering Instant Payments Say Bills Are Top Consumer Use
February 07, 2025  |  Real-Time Payments

For banks still on the fence about real-time payments, here’s a reality check: Not offering instant payments doesn’t just mean losing potential new customers —...

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FIS Earns Certification to Enable Send Capabilities in FedNow Service
FIS Earns Certification to Enable Send Capabilities in FedNow Service
February 04, 2025  |  Faster Payments

FinTech company FIS said Tuesday (Feb. 4) that it is now certified to enable send capabilities for credit transfers in the FedNow® Service. Get the...

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Jack Henry Adds Visa Direct to Rapid Transfer Offering
Jack Henry Adds Visa Direct to Rapid Transfer Offering
February 03, 2025  |  Partnerships

FinTech Jack Henry has launched a collaboration with payments giant Visa. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Faster Payments Open Global Markets to Smaller Companies
Faster Payments Open Global Markets to Smaller Companies
February 03, 2025  |  Cross-border Payments

Just a few years ago, cross-border payments were inefficient at best and filled with friction at worst. Get the Full Story Complete the form to...

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From Klarna to Nelly: CEO Says Process Innovation Can Scale Digital Health Across Europe
From Klarna to Nelly: CEO Says Process Innovation Can Scale Digital Health Across Europe
February 03, 2025  |  Healthcare

If you’re looking for a training ground in payments and the digital economy, you could do worse than the buy now, pay later (BNPL) space....

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Kraken Debuts Instant Crypto Payments Offering Kraken Pay
Kraken Debuts Instant Crypto Payments Offering Kraken Pay
January 29, 2025  |  Cryptocurrency

Cryptocurrency exchange Kraken now lets users make payments with their accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Recurring Payments Feature to Draw $30 Billion in Payments to Brazil’s Pix
Recurring Payments Feature to Draw $30 Billion in Payments to Brazil’s Pix
January 28, 2025  |  eCommerce

The soon-to-be-released recurring payments feature of Brazil’s payment system, Pix, is reportedly expected to draw $30 billion in eCommerce payments alone to Pix in two...

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