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

Singapore Businesses Embrace Digital Wallets, Consumers Still Catching Up

Singapore Businesses Embrace Digital Wallets, Consumers Still Catching Up
Singapore Businesses Embrace Digital Wallets, Consumers Still Catching Up
April 18, 2025  |  Cross-border Payments

Cross-border payments may sound simple, but their reality is anything but. Cracking the code for sending payments between countries, whether for individuals or businesses, has...

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Claims Complexity Meets Digital Simplicity as Insurers Push for Instant Payments
Claims Complexity Meets Digital Simplicity as Insurers Push for Instant Payments
April 18, 2025  |  Insurance

The digital transformation of the insurance industry is a work in progress. Digitizing trillions of dollars in payments bumps up against the complexities of the...

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HBX Group to Launch B2B Payments Platform for Travel Industry
HBX Group to Launch B2B Payments Platform for Travel Industry
April 16, 2025  |  B2B Payments

HBX Group is set to start rolling out a B2B payments platform designed for the travel industry. The company, which operates a B2B travel technology...

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Juniper Adds Embedded AI-Driven Fraud Prevention Engine to Payments Hub
Juniper Adds Embedded AI-Driven Fraud Prevention Engine to Payments Hub
April 16, 2025  |  Cybersecurity

Juniper Payments, a Velera company, added an embedded artificial intelligence-driven fraud prevention engine to its Payments Hub platform for banks and credit unions. The enhancement...

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Healthcare’s Digital Payments Push Battles Rising Fraud and Falling Margins
Healthcare’s Digital Payments Push Battles Rising Fraud and Falling Margins
April 16, 2025  |  Healthcare

Inefficiency in healthcare is more than just inconvenient. It can often be expensive. Yet in today’s world, where tap-to-pay is routine at coffee shops and...

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Velera Teams Up With Zelle to Drive Faster Payments for Smaller Credit Unions
Velera Teams Up With Zelle to Drive Faster Payments for Smaller Credit Unions
April 14, 2025  |  Partnerships

Velera and Early Warning Services, the company behind Zelle, are partnering to broaden real-time payment offerings for small financial institutions. The agreement is designed to...

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Branch Adds ‘Full-Service Paycard’ to Workforce Payments Platform
Branch Adds ‘Full-Service Paycard’ to Workforce Payments Platform
April 10, 2025  |  B2B Payments

Branch added a “full-service paycard” to its workforce payments platform. The paycard is delivered through the Branch App and Card, enables payments to a dedicated...

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DailyPay Sues NY AG to Counter On-Demand Pay Restrictions
DailyPay Sues NY AG to Counter On-Demand Pay Restrictions
April 07, 2025  |  Legal & Regulation

Earned wage access company DailyPay has sued New York Attorney General Letitia James. The company’s suit, filed Monday (April 7), is aimed at stopping what...

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