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

PYMNTS’ Labor Day Reading List (Without The Labor)
PYMNTS’ Labor Day Reading List (Without The Labor)
September 02, 2019  |  Payment Methods

Reading lists should cut to the chase, pointing to what’s most urgent or cutting edge.  PYMNTS offers dozens of reports, trackers and playbooks throughout the...

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PayActiv Deploys Fiserv Tech To Move Employee Wages
PayActiv Deploys Fiserv Tech To Move Employee Wages
August 30, 2019  |  B2B Payments

PayActiv is collaborating with Fiserv to streamline workers’ access to their wages, the companies said this week. Get the Full Story Complete the form to...

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Why Spend Management Tools Matter For Field-Based Workers
Why Spend Management Tools Matter For Field-Based Workers
August 29, 2019  |  Payment Methods

Getting paid and reimbursed for expenses on time is directly related to employee satisfaction and retention. According to a study, 32 percent of SMBs have...

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Why Real-Time B2B Payments Adoption May Be A Molehill, Not A Mountain
Why Real-Time B2B Payments Adoption May Be A Molehill, Not A Mountain
August 28, 2019  |  B2B Payments

Paper checks are often pointed to as an example of how difficult it can be for corporates to change their payment behaviors. With newer digital,...

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Real-Time Payments, Venmo And SCA Delay Top Week’s News
Real-Time Payments, Venmo And SCA Delay Top Week’s News
August 16, 2019  |  The Weekender

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

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Fed Names FedNow Faster Payments Chief
Fed Names FedNow Faster Payments Chief
August 15, 2019  |  Personnel

The Federal Reserve has announced a leader of the new FedNow service, which was created to facilitate faster payments in the country with interbank real-time...

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P2P Payments Find Fresh Fuel As The 2020s Loom
P2P Payments Find Fresh Fuel As The 2020s Loom
August 14, 2019  |  Digital Payments

Peer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and there is fresh...

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Faster Payments Gone Global
Faster Payments Gone Global
August 14, 2019  |  Today In Data

Speedier payments, across the globe – faster and, in some cases, in real time. The Federal Reserve’s plan to launch FedNow may have grabbed headlines...

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