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

Morrisons Offers 2-Day Supplier Payments Amid Coronavirus
Morrisons Offers 2-Day Supplier Payments Amid Coronavirus
March 15, 2020  |  B2B Payments

Morrisons, the U.K.’s fourth-largest supermarket chain, is planning to pay its small suppliers immediately to help keep them solvent during the coronavirus crisis, Retail Gazette...

READ MORE >
Accuity Takeover Bolsters Payment Processing Tech
Accuity Takeover Bolsters Payment Processing Tech
March 13, 2020  |  B2B Payments

With the acquisition of Apply Financial, Accuity wants to speed up payments for customers, it said in a statement Thursday (March 12). Terms of the...

READ MORE >
The Real-Time Disruption Of Banking And Business
The Real-Time Disruption Of Banking And Business
March 12, 2020  |  B2B Payments

Faster payments are only one example of the effects of a world moving toward real-time everything, with growing customer demands driving change in the way...

READ MORE >
PULSE:  Why Debit And Payroll Cards Are An Employer’s Strategic Advantage
PULSE: Why Debit And Payroll Cards Are An Employer’s Strategic Advantage
March 12, 2020  |  Faster Payments

The gig economy is giving rise to a workforce that values flexible – and speedy – payments. Jennifer Schroeder, executive vice president of product management...

READ MORE >
The Clearing House’s Strategies To Drive RTP Uptake
The Clearing House’s Strategies To Drive RTP Uptake
March 09, 2020  |  Faster Payments

Persuading the 11,000+ financial institutions (FIs) in the U.S. to integrate with a new real-time payments rail is a tough ask, especially when speed of...

READ MORE >
Taking Real-Time Payment Rails To The Tipping Point
Taking Real-Time Payment Rails To The Tipping Point
March 06, 2020  |  Faster Payments

Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025,...

READ MORE >
Hungarian Central Bank Allows For Instant Transfers
Hungarian Central Bank Allows For Instant Transfers
March 04, 2020  |  Faster Payments

The Hungarian Central Bank (MNB) has introduced an instant payment system that allows for bank transfers in seconds at any time of the day, according...

READ MORE >
Payment Rail Innovators Eye Speed For Corporates
Payment Rail Innovators Eye Speed For Corporates
March 03, 2020  |  B2B Payments

Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed –...

READ MORE >
Pulling Accountants Into The Corporate Payments Innovation Fold
Pulling Accountants Into The Corporate Payments Innovation Fold
March 02, 2020  |  B2B Payments

FinTech innovation has opened the floodgates for a stream of new platforms and products designed to help small businesses and corporates more efficiently manage money...

READ MORE >