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: Following The Spend To New Opportunities
Today In Data: Following The Spend To New Opportunities
August 10, 2018  |  Today In Data

When in doubt about what consumers or businesses want and need, follow the money. But look sharp, as banks and FIs everywhere are focused on moving...

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Cross-Border Grabs Spotlight Amid SWIFT, Blockchain Headlines
Cross-Border Grabs Spotlight Amid SWIFT, Blockchain Headlines
August 09, 2018  |  International

Payments infrastructure news tends to be global in scope, as firms and stakeholders eye efficiency and speed in transacting in new and existing markets far-flung...

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Beam Links Blockchain, Retail Mobile Payments
Beam Links Blockchain, Retail Mobile Payments
August 08, 2018  |  Blockchain

Global tech startup Beam Wallet is ready to launch a new mobile payment solution, which will link smartphones and blockchain technology to enable faster and simpler...

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Today In Data: Slow And Steady Is The Pace
Today In Data: Slow And Steady Is The Pace
August 07, 2018  |  Today In Data

The preferred speed setting for everything in the era of cloud connectivity, mobile and digitization is “faster.” Suppliers want buyers to pay their invoices faster, employees want to be...

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Treasury Finds Promise In, Urges Regulation Across, FinTech Landscape
Treasury Finds Promise In, Urges Regulation Across, FinTech Landscape
August 06, 2018  |  Regulation

It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for a sea change...

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Today In Data: The Best Time Is Real Time
Today In Data: The Best Time Is Real Time
August 01, 2018  |  Today In Data

For businesses, workers and consumers all over the world, the best time for a payment is right now – if at all possible. Unlocking faster payments has...

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Entrepreneurs Becoming A Driving Force Behind Data Sharing In The US
Entrepreneurs Becoming A Driving Force Behind Data Sharing In The US
July 27, 2018  |  B2B Payments

Europe and the U.K. solidified their reputations as having progressive views on data security and ownership with the PSD2 and GDPR regulations that came into effect...

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Lloyds, Halifax Hit By Fund Transfer Outage In UK
Lloyds, Halifax Hit By Fund Transfer Outage In UK
July 20, 2018  |  Digital Banking

Lloyds Banking Group was hit by a computer outage that left customers unable to conduct fund transfers for several hours, according to officials. The outage...

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