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 Faster Payments And Faster Data Drive Payroll Innovation
How Faster Payments And Faster Data Drive Payroll Innovation
December 02, 2019  |  B2B Payments

Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll...

READ MORE >
Citi: Treasurers, Embracing RTP’s Bright Future — While Bracing For Dark Days Ahead
Citi: Treasurers, Embracing RTP’s Bright Future — While Bracing For Dark Days Ahead
December 02, 2019  |  Executive Insights

It’s said that change is the only constant in life. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

READ MORE >
The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity
The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity
November 27, 2019  |  Faster Payments

Faster and real-time payments still have a long journey ahead toward ubiquity, particularly in the realm of corporate cross-border payments. Interoperability between various markets’ networks,...

READ MORE >
US Faster Payments Council Expands With ACI Worldwide
US Faster Payments Council Expands With ACI Worldwide
November 21, 2019  |  B2B Payments

Membership in the U.S. Faster Payments Council (FPC) is growing with the addition of ACI Worldwide, as the electronic payments and banking solution provider announced...

READ MORE >
Banks, FinTechs Connect Businesses To Real-Time Payments
Banks, FinTechs Connect Businesses To Real-Time Payments
November 21, 2019  |  B2B Payments

Consumer demand, technological innovation and the evolution of the payment service provider landscape are driving faster payments adoption in the U.S., according to Fiserv Vice...

READ MORE >
How Overlay Services Can Break SMB Financial Data Out Of Silos
How Overlay Services Can Break SMB Financial Data Out Of Silos
November 21, 2019  |  B2B Payments

The rise of the cloud and Software-as-a-Service (SaaS) has transformed the way businesses operate, digitizing valuable data with the potential for deeper, more insightful analytics...

READ MORE >
Deep Dive: Giving Healthcare Payments A Real-Time Upgrade
Deep Dive: Giving Healthcare Payments A Real-Time Upgrade
November 20, 2019  |  Faster Payments

The healthcare market is not immune to payment frictions, as costly inefficiencies can force hospitals to chase payments and prompt 47 percent of patients to...

READ MORE >
AP Firms Promote Card Acceptance, Speed For Suppliers
AP Firms Promote Card Acceptance, Speed For Suppliers
November 19, 2019  |  B2B Payments

The siloes between accounts payable (AP) and accounts receivable (AR) continue to come down as service providers recognize the importance of facilitating payment acceptance as...

READ MORE >
HSBC Launches Real-Time Payments For Businesses
HSBC Launches Real-Time Payments For Businesses
November 18, 2019  |  Faster Payments

HSBC Bank has launched real-time payments capabilities on the RTP network that gives businesses the ability to pay and be paid immediately, the company said...

READ MORE >