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

Helping Money Make The World Go ‘Round
Helping Money Make The World Go ‘Round
June 06, 2019  |  Today In Data

Money, as the song goes, makes the world go ‘round – and these days, there is a lot of money going all around the world....

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The Evolving Terrain Of Fighting Fraud
The Evolving Terrain Of Fighting Fraud
June 05, 2019  |  Today In Data

Intro: Consumers undeniably want all of their transactions faster – and there is a penalty to be paid for making them wait. But fast is...

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Uber And Lyft Drivers Could Gain Access To Digital Ad Revenue
Uber And Lyft Drivers Could Gain Access To Digital Ad Revenue
June 03, 2019  |  Ecosystems

Say hello to the marriage of digital advertising and ride-hailing – and, it seems, more potential for a bigger payday for those gig workers who...

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Promoting Faster Payments In The Face Of Trade Uncertainty
Promoting Faster Payments In The Face Of Trade Uncertainty
May 30, 2019  |  Today In Data

Financial institutions (FIs) and service providers are promoting offerings for rapid, cross-border transactions in the face of trade uncertainties. On another note, over half of all...

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Visa CEO Throws Shade On Real-Time Payments
Visa CEO Throws Shade On Real-Time Payments
May 30, 2019  |  VISA

There’s a need for speed in payments, supposedly — but how much speed is enough? Get the Full Story Complete the form to unlock this...

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To Limit Or Not To Limit? The Instant Earned-Wage Access Debate
To Limit Or Not To Limit? The Instant Earned-Wage Access Debate
May 29, 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....

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In Europe, Cross-Border FinTech And FI Efforts Eye Speed And Remittances
In Europe, Cross-Border FinTech And FI Efforts Eye Speed And Remittances
May 28, 2019  |  B2B Payments

FinTech firms are making strides in cross-border payments and tie-ups with more traditional players, as evidenced by Numbrs linking with German insurer Allianz. Elsewhere, faster payments...

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Citi: Why And How To Bring More Collaboration To Payments
Citi: Why And How To Bring More Collaboration To Payments
May 22, 2019  |  Payments Innovation

There is no “i” in team — every coach’s mantra. Guess what, though? That’s only half the story when it comes to the concept of...

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