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

GreenBox POS Enables Same Day ACH Deposits To Business Accounts
GreenBox POS Enables Same Day ACH Deposits To Business Accounts
May 03, 2020  |  B2B Payments

Payment solutions company GreenBox POS has announced a new Same Day ACH program to help businesses manage point of sale (POS) to business payments faster than...

READ MORE >
Innovation Eases The Friction Of Global Payment Rails
Innovation Eases The Friction Of Global Payment Rails
April 30, 2020  |  B2B Payments

This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of...

READ MORE >
Visa’s Jack Forestell On Helping SMBs Fast Track Into The Digital Age
Visa’s Jack Forestell On Helping SMBs Fast Track Into The Digital Age
April 28, 2020  |  VISA

After many weeks and months of social distancing, the world is now actively and audibly wondering when the economic recovery will begin. Get the Full...

READ MORE >
Italy’s Late B2B Payments Surge 80 Percent
Italy’s Late B2B Payments Surge 80 Percent
April 27, 2020  |  B2B Payments

The coronavirus pandemic has undoubtedly impacted B2B supplier payment practices as more companies struggle to manage cash flow with shuttered stores and disrupted supply chains....

READ MORE >
How ACH Innovation Ushers In A New Normal For Payroll
How ACH Innovation Ushers In A New Normal For Payroll
April 22, 2020  |  B2B Payments

The U.S. workforce doesn’t look like it used to. The surge in gig workers and independent contractors has professionals, service providers and regulators engaged in...

READ MORE >
Corporates Play Payment Rail Musical Chairs
Corporates Play Payment Rail Musical Chairs
April 21, 2020  |  B2B Payments

The coronavirus pandemic has some organizations playing payment rails musical chairs in their accounts payable (AP) departments as they adjust payment strategies (and methods) to...

READ MORE >
OpenPayd Loops Into SEPA For Corporate Payments
OpenPayd Loops Into SEPA For Corporate Payments
April 15, 2020  |  B2B Payments

With direct access to the SEPA (Single Euro Payments Area) payment program, OpenPayd has bolstered its payments functions, according to reports. Get the Full Story...

READ MORE >
How China Fuels Alternatives To Correspondent Banking
How China Fuels Alternatives To Correspondent Banking
April 15, 2020  |  B2B Payments

China is a notoriously challenging jurisdiction for foreign payment service providers to operate as the nation prioritizes local industry leaders. Gradually, however, and with a...

READ MORE >
KyckGlobal Teams With Visa Direct To Boost Push Payments For US Businesses
KyckGlobal Teams With Visa Direct To Boost Push Payments For US Businesses
April 14, 2020  |  B2B Payments

Atlanta-based KyckGlobal is working with Visa to boost the use of “push payments” to businesses. Push payments, which represent a growing market, typically bypass banks...

READ MORE >