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 Moves To The Cloud

SWIFT Moves To The Cloud
SWIFT Moves To The Cloud
September 24, 2019  |  Real-Time Payments

SWIFT and Microsoft have partnered with Bank of New York Mellon (BNY Mellon) to finalize the trial of Cloud Connect, a new payments solution, BNY...

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SWIFT Loops gpi Into Existing Rails For Global Payments
SWIFT Loops gpi Into Existing Rails For Global Payments
September 24, 2019  |  B2B Payments

Build or borrow? For today’s payment service providers, accelerating payments across borders means either developing new infrastructure, or making use of existing rails, to move...

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Societe Generale Debuts Instant Corporate Payments
Societe Generale Debuts Instant Corporate Payments
September 24, 2019  |  B2B Payments

French bank Societe Generale is rolling out pan-European instant payments for its corporate clients, and is deploying technology from FIS to support the launch, the...

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Banks’ Definitive B2B Payments Guide To Sibos
Banks’ Definitive B2B Payments Guide To Sibos
September 23, 2019  |  B2B Payments

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another...

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The Real-Time Payments Receivables Conundrum
The Real-Time Payments Receivables Conundrum
September 23, 2019  |  Payments Innovation

P.T. Barnum perfected the art of showmanship, a reputation burnished by the spectacular fame of the traveling circus and side show that bore his name:...

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Cross River Bank RTP Connection To Help FinTechs
Cross River Bank RTP Connection To Help FinTechs
September 19, 2019  |  Real-Time Payments

Cross River, a company that provides banking services for technology companies, will join The Clearing House’s (TCH) RTP network, according to a release. Get the...

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Lifting The Veil On Cross-Border B2B Payments
Lifting The Veil On Cross-Border B2B Payments
September 12, 2019  |  B2B Payments

Faster cross-border commercial payments are within reach thanks to global initiatives from the private and public sectors, and to growing consensus among FinTechs and financial...

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