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

CoCoNet Partners With Raifeissen On B2B Payment, Cash Management

CoCoNet Partners With Raifeissen On B2B Payment, Cash Management
CoCoNet Partners With Raifeissen On B2B Payment, Cash Management
November 22, 2020  |  B2B Payments

Raiffeisen, the third-largest Swiss banking group, has joined up with software provider CoCoNet to launch a payment and cash management service for companies, a statement...

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Knowing When Payments Are Instant – And When They’re Not
Knowing When Payments Are Instant – And When They’re Not
November 19, 2020  |  Payment Methods

With all of the problems and challenges 2020 has thrown at us, the last thing anyone needs is a nagging perceptual rift between payees and...

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Easing The Intensifying Headache Of ACH Security Compliance
Easing The Intensifying Headache Of ACH Security Compliance
November 18, 2020  |  B2B Payments

Accepting ACH payments is often a must for companies across verticals and business models. While often described as a legacy payment rail, it’s a tried-and-true...

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Real-Time Payments Go Beyond The Need For Speed
Real-Time Payments Go Beyond The Need For Speed
November 18, 2020  |  Payments Innovation

Is real-time ready for prime time? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Brazil Upgrades Real-Time Payments Rails, Goes Live With PIX
Brazil Upgrades Real-Time Payments Rails, Goes Live With PIX
November 16, 2020  |  Digital Payments

Real-time payments continue to gain traction around the world. Case in point: Brazil. The country’s banking system is giving an upgrade to its instant payments...

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Real-Time Revs Up As Consumers’ Awareness Grows
Real-Time Revs Up As Consumers’ Awareness Grows
November 13, 2020  |  Payments Innovation

Real-time payments (RTP) methods aren’t much use if few people understand what they are, where to find them and how to use them. That’s why...

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Banking-As-A-Service (BaaS) Making Payments Faster And ‘Smarter’
Banking-As-A-Service (BaaS) Making Payments Faster And ‘Smarter’
November 13, 2020  |  Smarter Payments

Several narratives have emerged from this pandemic. First has been the focus on digital transformation that essentially saved the economy during lockdowns. Another related theme...

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Will Facebook’s Libra Be Part Of A New, Faster Payments System?
Will Facebook’s Libra Be Part Of A New, Faster Payments System?
November 11, 2020  |  Real-Time Payments

For Libra — the digital currency backed by Facebook and a consortium of enterprises — will speed make a difference toward adoption (if it ever...

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