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

How Mobile Technology Is Changing Insurance Claims
How Mobile Technology Is Changing Insurance Claims
April 10, 2020  |  Disbursements

With the COVID-19 pandemic proving to be financially stressful, more consumers are seeking to receive funds or claim payments from businesses or insurers more quickly...

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TurboTax Rolls Out Free Tool For Faster Stimulus Payments
TurboTax Rolls Out Free Tool For Faster Stimulus Payments
April 05, 2020  |  Economy

Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file...

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GrainChain Accelerates Farmer Payments With Blockchain
GrainChain Accelerates Farmer Payments With Blockchain
March 29, 2020  |  B2B Payments

GrainChain, the farming blockchain system for agriculture and farming business, has moved to the Symbiont network, Assembly, a change which the company anticipates will help...

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Helping Small FIs Make Banking Services As Seamless As Taking An Uber
Helping Small FIs Make Banking Services As Seamless As Taking An Uber
March 26, 2020  |  Banking

In the age of digital commerce, legacy financial institutions (FIs) have ceded ground to tech-savvy upstarts. Get the Full Story Complete the form to unlock...

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Intuit, CPAs Want SMB Relief Funneled Via Payroll Processors
Intuit, CPAs Want SMB Relief Funneled Via Payroll Processors
March 24, 2020  |  B2B Payments

The American Institute of CPAs (AICPA) has petitioned President Donald Trump to enact a faster system of payment for small- to medium-sized businesses as the...

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Open Banking Broadens The Corporate Card Value Prop
Open Banking Broadens The Corporate Card Value Prop
March 24, 2020  |  B2B Payments

Commercial card adoption is on the rise among European corporates eager to embrace opportunities for faster, electronic payments with the added bonus of rewards and...

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The Tipping Point For Instant Digital Payouts To Restaurant Workers
The Tipping Point For Instant Digital Payouts To Restaurant Workers
March 24, 2020  |  Faster Payments

The last few weeks have been hard times for the restaurant industry in the U.S. — big chains and mom-and-pop joints alike are closing their...

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Proactis Adds Invoice Payments To Expense Management Tool
Proactis Adds Invoice Payments To Expense Management Tool
March 23, 2020  |  B2B Payments

Proactis, a U.K.-based eCommerce firm, is hoping its new bePayd service will help invoices get paid faster, particularly in the trying times of the coronavirus...

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Deep Dive: How Businesses Can Sidestep Cross-Border Payment Pain Points
Deep Dive: How Businesses Can Sidestep Cross-Border Payment Pain Points
March 23, 2020  |  Gig Economy

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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