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

Today In Data: The Future Of Faster Payments
Today In Data: The Future Of Faster Payments
January 22, 2019  |  Today In Data

Financial Innovation Now (FIN) submitted a public letter in December, contending that the Fed was best-positioned to operate a ubiquitous, interoperable real-time payments network. Innovation, flexibility and agility...

READ MORE >
What Do Antilock Brakes And Instant Payments Have In Common?
What Do Antilock Brakes And Instant Payments Have In Common?
January 21, 2019  |  Faster Payments

“Can we all just agree that real-time access to money isn’t going to be an option anymore?” said Ingo Money CEO Drew Edwards. Get the Full...

READ MORE >
The Big Tech Canary In The Faster Payments Coal Mine
The Big Tech Canary In The Faster Payments Coal Mine
January 21, 2019  |  Faster Payments

There’s a canary in the faster payments coal mine. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

READ MORE >
Lloyds Banking Group Reports Faster Payments Outage
Lloyds Banking Group Reports Faster Payments Outage
January 18, 2019  |  Banking

Lloyds Banking Group, which includes Bank of Scotland, Halifax and Lloyds, has suffered a faster payments glitch that affects customers’ ability to get money, according...

READ MORE >
US Faster Payments Council Names New Leadership
US Faster Payments Council Names New Leadership
January 15, 2019  |  Personnel

The U.S. Faster Payments Council (FPC), a membership comprised of payment industry leaders, has appointed Kevin Christensen, a senior executive at the SHAZAM network, as...

READ MORE >
Today In Data: Convenience Delivered By Speed And Streamlining
Today In Data: Convenience Delivered By Speed And Streamlining
January 11, 2019  |  Today In Data

The key to making something more convenient for consumers usually lies in one of two areas: making something faster to do, or making it simpler...

READ MORE >
Today In Data: Convenience Delivered By Speed And Streamlining
Today In Data: Convenience Delivered By Speed And Streamlining
January 11, 2019  |  Today In Data

The key to making something more convenient for consumers usually lies in one of two areas: making something faster to do, or making it simpler...

READ MORE >
Russia’s Electronic B2B Payments Expectations Go Beyond B2C
Russia’s Electronic B2B Payments Expectations Go Beyond B2C
January 11, 2019  |  B2B Payments

B2B payments always seems to be a step or two behind B2C payments innovation, on several fronts. It’s often struggling to make progress, weighed down...

READ MORE >
Death And Taxes: One Is Becoming Much More Digital
Death And Taxes: One Is Becoming Much More Digital
January 10, 2019  |  Disbursements

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process,...

READ MORE >