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

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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Faster Payments Go Live In Hong Kong
Faster Payments Go Live In Hong Kong
September 27, 2018  |  Payments Innovation

Hong Kong has launched the Faster Payments System (FSP), which allows users to send money almost instantly using a mobile number or email address as...

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What Newton’s First Law Has To Do With B2B Payments
What Newton’s First Law Has To Do With B2B Payments
September 26, 2018  |  B2B Payments

Maybe Isaac Newton — the hopelessly hopeful alchemist who came up with some solid rules of physics — was a genius of business and even...

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In The Drive To Modernize Treasury Ops, Mind The Gap
In The Drive To Modernize Treasury Ops, Mind The Gap
September 25, 2018  |  Security & Fraud

All business investment involves trade-offs. When it comes to cash management, figuring out what is "nice to have" versus "need to have" can be a...

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UK’s Payment Systems Operator, NPSO, Details RFP Must-Haves
UK’s Payment Systems Operator, NPSO, Details RFP Must-Haves
September 24, 2018  |  International

The New Payment System Operator (NPSO) announced on Monday (Sept. 24) the initial details for a new procurement process for the clearing and settlement layer...

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Nexus Explores Unexpected Challenges Of Faster Supplier Payments
Nexus Explores Unexpected Challenges Of Faster Supplier Payments
September 21, 2018  |  B2B Payments

Late and delayed supplier payments are often discussed as a problem that can plague any industry. While that may be true, in the real estate...

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FBI Sets Sights On Payroll Fraud Scheme
FBI Sets Sights On Payroll Fraud Scheme
September 21, 2018  |  B2B Payments

Payroll fraud is underway, according to the FBI's "IC3" division, targeting employees in a number of verticals. The key method is phishing. Elsewhere, Europol warns...

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Typhoon Won’t Delay Hong Kong’s Real-Time Payment Launch: HKMA
Typhoon Won’t Delay Hong Kong’s Real-Time Payment Launch: HKMA
September 19, 2018  |  B2B Payments

Financial service providers in Hong Kong are readying to facilitate real-time payments for both corporate and non-corporate customers as the market’s Faster Payment System (FPS)...

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NACHA Approves Expansion Of Same Day ACH
NACHA Approves Expansion Of Same Day ACH
September 17, 2018  |  Payment Methods

NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers....

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