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: Convenience Delivered By Speed And Streamlining

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...

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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...

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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,...

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Alipay In X-Border Blockchain Pact
Alipay In X-Border Blockchain Pact
January 10, 2019  |  B2B Payments

Blockchain grabbed some headlines this past week as DLT helped foster new cross border payment initiatives, notably from Alipay and Ripple.  Elsewhere, Faster Payments gains...

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On-Demand Wages Spruce Up The $400B Home Services Market
On-Demand Wages Spruce Up The $400B Home Services Market
January 10, 2019  |  Disbursements

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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Faster Payments, Open Banking Should Keep Treasurers On High Alert
Faster Payments, Open Banking Should Keep Treasurers On High Alert
January 09, 2019  |  B2B Payments

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to...

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Online Sports Gambling Makes Bet On Faster Payments
Online Sports Gambling Makes Bet On Faster Payments
January 08, 2019  |  Payment Methods

Few things feel better than the rush of a winning streak — money bet on a football or baseball team, or a sporting event, that...

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Today In Data: New Year, New Efficiencies
Today In Data: New Year, New Efficiencies
January 03, 2019  |  Today In Data

The new year is here, and a new lease on efficiency and streamlining is loose in the payments and commerce ecosystem. Merchants are doubling down...

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Turning Unplanned Spend Into Spend Management Innovation
Turning Unplanned Spend Into Spend Management Innovation
January 02, 2019  |  Payments Innovation

In the middle of an otherwise productive day — one of those shifts when the whole team is not only ahead of schedule, but likely...

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