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

Why Slow Payments Aren’t Necessarily Safer Payments
Why Slow Payments Aren’t Necessarily Safer Payments
October 30, 2019  |  Faster Payments

As of late 2019, there are few people left who need to be talked into the “why” of instant payments — that case has already...

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Instant Payment Adoption Soars Year Over Year
Instant Payment Adoption Soars Year Over Year
October 29, 2019  |  Payment Methods

Instant payments are having a moment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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What eInvoicing Standardization Could Mean For AP Automation
What eInvoicing Standardization Could Mean For AP Automation
October 25, 2019  |  B2B Payments

As the U.S. Federal Reserve continues to make headway in promoting faster and real-time payments innovation and adoption, the body is simultaneously exploring a less...

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simPRO Taps Square To Power Field Service Payments
simPRO Taps Square To Power Field Service Payments
October 24, 2019  |  Partnerships / Acquisitions

Business management cloud solutions simPRO announced that it is partnering with Square to provide payment processing options to field service professionals, according to a press...

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B2B Cross-Border Payments Are Speeding Up
B2B Cross-Border Payments Are Speeding Up
October 24, 2019  |  Payment Methods

Cross-border payments still present challenges, but the landscape is changing rapidly.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Multi-Bank Connectivity Puts The Pressure On Treasury Tech
Multi-Bank Connectivity Puts The Pressure On Treasury Tech
October 24, 2019  |  B2B Payments

Financial institutions are investing significantly in embracing online banking and supporting a positive digital experience for their end-users. But when a multinational organization has dozens,...

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B2B Finserv Embraces New Faster Payment Rails
B2B Finserv Embraces New Faster Payment Rails
October 23, 2019  |  B2B Payments

As the saying goes, if it isn’t broken, don’t fix it. But in payments, understanding whether something is broken in the first place — and,...

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Finserv Players Multitask With B2B Billers And Payers
Finserv Players Multitask With B2B Billers And Payers
October 22, 2019  |  B2B Payments

Corporate financial services providers taking aim at accounts payable friction this week pulled double-duty with new tools that also addressed friction for clients’ suppliers. Get...

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