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

As PSD2 Gets Off the Ground, Fraudsters Gear Up
As PSD2 Gets Off the Ground, Fraudsters Gear Up
July 18, 2018  |  Fraud Prevention

Criminals are always on the hunt for new opportunity. As companies settle into a world governed by Europe’s second Payment Services Directive (PSD2), and as...

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How Uncertainty Kills Commerce
How Uncertainty Kills Commerce
July 16, 2018  |  Payments Innovation

Scientists say that humans have a lot in common with mice. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Creating The New Payments And Commerce Normal
Creating The New Payments And Commerce Normal
July 13, 2018  |  Today In Data

The pace of payments is getting faster — because the demand and expectations are on the rise. Gig workers and those living paycheck to paycheck...

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PSD2 Smiles On Biometrics — And Other Tales From The New World
PSD2 Smiles On Biometrics — And Other Tales From The New World
July 12, 2018  |  Bank Regulation

Watching. Waiting. Concerns about fraud. And an apparent boost for biometrics. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Equifax Teams To Launch Canadian SMB Credit Scoring Service
Equifax Teams To Launch Canadian SMB Credit Scoring Service
July 10, 2018  |  SMBs

Equifax, the credit scoring company, and Thinking Capital announced on Tuesday (July 10) the launch of BillMarket, a solution that brings together a small business...

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UK Faster Payments Glitch Causes Backlog
UK Faster Payments Glitch Causes Backlog
July 09, 2018  |  B2B Payments

A glitch in the infrastructure of the U.K.’s Faster Payments system has caused a backlog of transactions still waiting to clear hours later, according to...

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Payments’ Ever-Increasing Tempo
Payments’ Ever-Increasing Tempo
July 05, 2018  |  Today In Data

A decade ago, when Britain first launched its Faster Payments Scheme, buzz had barely begun on the topic. Ten years and 9.1 billion payments later,...

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Reflecting On The UK’s Decade Of Faster Payments — And Fraud
Reflecting On The UK’s Decade Of Faster Payments — And Fraud
July 04, 2018  |  Faster Payments

From enabling new messaging capabilities in the U.S. to cross-border push payments for expats in Kuwait and Zimbabwe, access to faster payments tools is rapidly...

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UK Continues Payments Industry Consolidation
UK Continues Payments Industry Consolidation
July 03, 2018  |  B2B Payments

The U.K. continues to consolidate its payments industry, with its New Payment System Operator (NPSO) announcing the latest step in the initiative. A press release...

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