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: New Faster Payments Normal
Today In Data: New Faster Payments Normal
October 03, 2018  |  Today In Data

Faster payments in the U.S. and around the world are increasingly becoming the norm. Consumers and business want it and there is money to be made by offering it....

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Scotiabank Sounds Off On Canada’s First Payments Modernization Step
Scotiabank Sounds Off On Canada’s First Payments Modernization Step
October 03, 2018  |  B2B Payments

While Europe and the U.K. move forward with open banking initiatives, and the U.S. makes progress on faster payments, Canada is in the midst of...

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TRENDING: How Travel Insurers Use Push Payments To Help Travelers In Trouble
TRENDING: How Travel Insurers Use Push Payments To Help Travelers In Trouble
October 03, 2018  |  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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Survey Shows EU Treasurers Find PSD2 Irrelevant
Survey Shows EU Treasurers Find PSD2 Irrelevant
October 02, 2018  |  B2B Payments

The European Union’s (EU’s) updated Payment Services Directive (PSD2) and Open Banking regulations have been hailed as having widespread impacts on the region’s financial services...

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Vocalink On The Grim Facts Behind Financial Crime’s $1.4T Toll
Vocalink On The Grim Facts Behind Financial Crime’s $1.4T Toll
October 02, 2018  |  Security & Fraud

Halloween comes early this year as we delve into a slew of grisly facts about financial crime in our latest Data Drivers. Losses amount to...

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As The Gig Economy Grows Up, Clashes Emerge Over Its Nature
As The Gig Economy Grows Up, Clashes Emerge Over Its Nature
September 28, 2018  |  Gig Economy

It’s probably getting to the point that everyone who doesn’t have gig work — offering rideshares via personal vehicles, for instance, or doing other freelance...

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SWIFT gpi Makes Inroads Into Malaysia
SWIFT gpi Makes Inroads Into Malaysia
September 27, 2018  |  B2B Payments

On the heels of the uptake of its global payments innovation initiative, SWIFT has said it is working with Malaysian banks. Elsewhere in the payments infrastructure...

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