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

Mastercard President On How And When Payments Caught Fire
Mastercard President On How And When Payments Caught Fire
November 20, 2018  |  Mastercard

His thinking began to change as eCommerce began to gain ground. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Businesses Want Real-Time Payments — What Will It Take To Get There?
Businesses Want Real-Time Payments — What Will It Take To Get There?
November 20, 2018  |  Faster Payments

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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NACHA Reports Faster Payments Playbook Details
NACHA Reports Faster Payments Playbook Details
November 19, 2018  |  B2B Payments

NACHA’s Payments Innovation Alliance released a report with details from its first formal in-person meeting of the Faster Payments Playbook Project Team. Get the Full...

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Today In Data: The ‘More Is More’ Environment
Today In Data: The ‘More Is More’ Environment
November 16, 2018  |  Today In Data

When it comes to interior design or spicing your Thanksgiving turkey, there is something to be said for a “less is more” aesthetic. But in...

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NEW REPORT: QSRs Must Look Beyond Mobile To Win Connected Consumers
NEW REPORT: QSRs Must Look Beyond Mobile To Win Connected Consumers
November 16, 2018  |  Commerce Connected

The quick-service restaurant (QSR) industry is on track to continue a decade and a half’s worth of growth this year, with consumers projected to spend...

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Real-Time Payments Driving Real-Time Liquidity: Deutsche Bank
Real-Time Payments Driving Real-Time Liquidity: Deutsche Bank
November 14, 2018  |  B2B Payments

Corporate finance executives seem to be readying for real-time payments, preparing to adopt faster payment capabilities and bracing for changes to their cash flow management...

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On-Demand Payroll Without The Cash Flow Disruption
On-Demand Payroll Without The Cash Flow Disruption
November 14, 2018  |  B2B Payments

The payroll industry — and its biweekly or monthly pay schedule — hasn’t changed in decades. However, as awareness grows about the dangers of predatory...

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Fed Launches New US Faster Payments Council
Fed Launches New US Faster Payments Council
November 13, 2018  |  Faster Payments

A group of payment players announced Tuesday (Nov. 13) that they created a new organization, dubbed U.S. Faster Payments Council (FPC), aimed at working toward...

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Spain’s BBVA, Partners Complete First Blockchain Syndicated Loan
Spain’s BBVA, Partners Complete First Blockchain Syndicated Loan
November 12, 2018  |  B2B Payments

Spain’s BBVA — along with partner banks MUFG of Japan and BNP Paribas of France — completed the first syndicated loan on the blockchain. Get the...

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