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 Real Time Is The Game-Changer For Corporate Cash Pros
Why Real Time Is The Game-Changer For Corporate Cash Pros
October 02, 2019  |  Faster Payments

Instant payments are more promise than reality in the US.  Citi’s global head of payments and receivables, Manish Kohli, tells Karen Webster that lack of...

READ MORE >
Payments’ Role In The Fourth Industrial Revolution
Payments’ Role In The Fourth Industrial Revolution
October 02, 2019  |  Faster Payments

Faster payments are quickly being embraced by consumers, and are on track to gain traction across C2B, B2C and B2B transactions. Mike Kresse, division executive of...

READ MORE >
FedNow And ISO 20022 Are Here — What Now For FIs And Faster Payments?
FedNow And ISO 20022 Are Here — What Now For FIs And Faster Payments?
October 01, 2019  |  Faster Payments

There are 54 faster payment schemes globally, with more on the way. Craig Ramsey, head of real-time payments at ACI Worldwide, tells PYMNTS that speed will...

READ MORE >
Congress Presses Fed On Real-Time Payments Plan
Congress Presses Fed On Real-Time Payments Plan
September 27, 2019  |  B2B Payments

The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow, its proposed real-time payments infrastructure under the...

READ MORE >
The Cash Flow Solution App Developers Don’t Know They Need — But Do
The Cash Flow Solution App Developers Don’t Know They Need — But Do
September 27, 2019  |  Faster Payments

The phrase “slow payment cycles” conjures up the image of old school buyer-supplier relationships and the 30- to 90-day payment window created by an inefficient...

READ MORE >
Deep Dive: The Benefits And Challenges Of Real-Time Push Payments
Deep Dive: The Benefits And Challenges Of Real-Time Push Payments
September 26, 2019  |  Faster Payments

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

READ MORE >
Is Automation The Answer To Sluggish AP Processes?
Is Automation The Answer To Sluggish AP Processes?
September 26, 2019  |  Accounts Payable

This week, Fundbox, a B2B payments startup attempting to fix the “net terms” economy, raised $176 million in equity, a sign that changing the invoice...

READ MORE >
SWIFT Moves To The Cloud
SWIFT Moves To The Cloud
September 24, 2019  |  Faster Payments

SWIFT and Microsoft have partnered with Bank of New York Mellon (BNY Mellon) to finalize the trial of Cloud Connect, a new payments solution, BNY...

READ MORE >