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

Mastercard: Why The Time Is Now For Real-Time B2B Payments
Mastercard: Why The Time Is Now For Real-Time B2B Payments
July 03, 2019  |  B2B Payments

Is the time ripe for B2B payments done in real time? In a Masterclass interview with Karen Webster, Andrea Gilman, senior vice president of product management...

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Mastercard: Why Nordic Countries Could Fuel RTP Push
Mastercard: Why Nordic Countries Could Fuel RTP Push
July 02, 2019  |  Digital Payments

Real-time payments (RTP) is a global initiative that’s been a decade in the making and counting, one that has gained momentum over the last several...

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Weighing Faster Payments Opportunity And Risk For Corporates
Weighing Faster Payments Opportunity And Risk For Corporates
June 27, 2019  |  B2B Payments

New faster payment initiatives are popping up around the world, from Saudi Arabia to Brazil to Australia. In the U.S., accelerated transaction is gaining speed,...

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Real-Time Payments Have Numerous Real-World Applications
Real-Time Payments Have Numerous Real-World Applications
June 24, 2019  |  Faster Payments

Everyone seems to want faster payments — from gig workers to B2B suppliers to parents splitting expenses — but with not all major financial institutions...

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Payment Apps For When The Marriage Is Over
Payment Apps For When The Marriage Is Over
June 21, 2019  |  Faster Payments

It’s not enough to build a real-time payment system if financial institutions (FIs) don’t implement the offering, and extend instant payment services to customers. Getting...

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FPC Chooses Industry Expert Kimberly Ford As Exec Director
FPC Chooses Industry Expert Kimberly Ford As Exec Director
June 20, 2019  |  Personnel

The U.S. Faster Payments Council (FPC) has chosen industry expert Kimberly Ford as the organization’s first executive director. Ford, who used to work with the...

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Diving Into The ‘Check-Replacement Cycle’
Diving Into The ‘Check-Replacement Cycle’
June 13, 2019  |  Payment Methods

As much as 80 percent of firms still rely on paper checks. Only 3 percent of firms meet demands for B2C payments. Fiserv VP of Digital...

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The Public Sector Takes The Lead On eProcurement
The Public Sector Takes The Lead On eProcurement
June 10, 2019  |  B2B Payments

Government procurement moved to the spotlight last week when New York City Comptroller Scott Stringer announced he is closely monitoring the state’s eProcurement project following...

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