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

Peru Taps Vocalink In Payments System Overhaul
Peru Taps Vocalink In Payments System Overhaul
December 13, 2018  |  B2B Payments

Real-time payments is a goal in Peru, as the automated clearing house there links with Vocalink. Retailers want real-time transactions, too, and SWIFT continues to broaden...

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How Smarter Payments Are Making The Gig Economy Safer
How Smarter Payments Are Making The Gig Economy Safer
December 13, 2018  |  Smarter Payments

Even as technologies and payments get smarter, some firms still employ less-than-smart practices. For example, in the freelance market, says Engage Technology Partners Chief Product...

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NEW REPORT: Can Smarter Payments Kill Off Timesheets?
NEW REPORT: Can Smarter Payments Kill Off Timesheets?
December 12, 2018  |  Smarter Payments

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Can The Gig Economy Stress-Bust The Holidays?
Can The Gig Economy Stress-Bust The Holidays?
December 08, 2018  |  Gig Economy

While the holiday season is officially known as the most wonderful time of the year, for the majority of American consumers, it is also the...

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Retailers Ask The Fed For Real-Time Payments
Retailers Ask The Fed For Real-Time Payments
December 06, 2018  |  Retail

Target and Walmart, among other companies, are asking the Fed to create a way for interbank transfers to be settled in real time, 24/7, in...

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Today In Data: Retailers See Strong Start To The Holidays
Today In Data: Retailers See Strong Start To The Holidays
December 05, 2018  |  Today In Data

Merchants experienced a strong start to the holiday season, with retail spend growth up 7.5 percent on a year-over-year basis over Thanksgiving and Black Friday....

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Third Parties Help Central Banks Ride RTP Rails
Third Parties Help Central Banks Ride RTP Rails
December 04, 2018  |  Faster Payments

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EPC Chair On SEPA’s Instant Credit Transfer, One Year In
EPC Chair On SEPA’s Instant Credit Transfer, One Year In
December 03, 2018  |  Digital Payments

Last year, the European Payments Council (EPC) debuted the SEPA Instant Credit Transfer scheme, where credit transfers are done in 10 seconds — or less...

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Fiserv: Where Faster Disbursements Really Matter
Fiserv: Where Faster Disbursements Really Matter
November 27, 2018  |  Faster Payments

There’s no denying it: Customers want quick — even instant — access to funds that are rightfully theirs, which means payments are moving in and...

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