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 Smarter Freight Payments Begin With The Invoice
Why Smarter Freight Payments Begin With The Invoice
February 28, 2019  |  B2B Payments

Money drives any business, but in the freight and logistics market, business cannot occur until funds are moved. Considering how crucial seamless payments are in...

READ MORE >
Kyriba Links Treasurers To Citi Accounts Via API
Kyriba Links Treasurers To Citi Accounts Via API
February 27, 2019  |  B2B Payments

Corporate treasury and cash management solutions provider Kyriba is linking its business users to faster payments functionality through a new collaboration with Citi. Get the...

READ MORE >
OakNorth Links To Faster Payments Via ClearBank
OakNorth Links To Faster Payments Via ClearBank
February 26, 2019  |  B2B Payments

U.K. challenger bank OakNorth is teaming up with ClearBank, allowing OakNorth to link into the Faster Payments Scheme. Get the Full Story Complete the form...

READ MORE >
EU Parliament Eyes New Rules On Cross-Border Payment Fees
EU Parliament Eyes New Rules On Cross-Border Payment Fees
February 21, 2019  |  B2B Payments

This week, the EU Parliament voted for new rules mandating that banks cut fees on cross-border euro payments for countries within and outside the Eurozone....

READ MORE >
Why Faster Payments Isn’t The Answer To Accounts Receivable Delays
Why Faster Payments Isn’t The Answer To Accounts Receivable Delays
February 19, 2019  |  B2B Payments

With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically,...

READ MORE >
Data As A Prescription For FIs And Healthy Healthcare Collections
Data As A Prescription For FIs And Healthy Healthcare Collections
February 15, 2019  |  Today In Data

Data is everywhere, and ripe for the mining. It can help financial firms offer better services and can help healthcare providers set up payment plans...

READ MORE >
Digital Payments, Connected Commerce And The Need For Speed
Digital Payments, Connected Commerce And The Need For Speed
February 12, 2019  |  Today In Data

For consumers, and increasingly for businesses, speed is coveted when it comes to payments. That’s especially true as transactions are done in bits and bytes...

READ MORE >
ACH Alert Links FIs To Deeper ACH Transaction Data
ACH Alert Links FIs To Deeper ACH Transaction Data
February 12, 2019  |  B2B Payments

ACH Alert, which provides financial institutions with electronic payments fraud detection technologies, is enhancing its automation capabilities with the integration of Payment Data Xchange (PDX)...

READ MORE >