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

BFC Bank Loops Into UK’s Faster Payments
BFC Bank Loops Into UK’s Faster Payments
January 30, 2018  |  B2B Payments

The U.K.’s Faster Payments Scheme has another participant. BFC Bank, a challenger bank with plans to launch later this year, recently announced it had joined...

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Late Payment Victims Often Don’t Pay On Time Themselves
Late Payment Victims Often Don’t Pay On Time Themselves
January 26, 2018  |  B2B Payments

The U.K. is focused on the problem of late payments, with policymakers stepping into support small and mid-sized businesses (SMBs) often paid late by their...

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Australia Readies For Real-Time Payments
Australia Readies For Real-Time Payments
January 24, 2018  |  B2B Payments

Australia is the next jurisdiction to embrace payments speed, with the country preparing for the rollout of its New Payments Platform (NPP), a real-time payments...

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In B2B Invoicing, Late Payments Vanquished Through Machine Learning
In B2B Invoicing, Late Payments Vanquished Through Machine Learning
January 18, 2018  |  B2B Payments

The paper chase bedevils efficient buyer/supplier relationships, particularly with large corporates buyers. Previse’s CEO Paul Christensen says the enemy is process when it comes to...

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Payments 2018: Think This — Not That
Payments 2018: Think This — Not That
January 08, 2018  |  Payments Innovation

In 800 B.C., when people wanted to know the answer to “what’s next” about their personal futures, they flocked to Delphi and asked Pythia, the...

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Trusting In Faster Payments
Trusting In Faster Payments
January 05, 2018  |  Faster Payments

FIs are looking to get in top fiscal shape for 2018 by upping their faster payments game. In the January PYMNTS Faster Payments Tracker™, Dan Massey,...

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NEW REPORT: FI’s 2018 Resolution — Getting Fitter, Faster
NEW REPORT: FI’s 2018 Resolution — Getting Fitter, Faster
January 04, 2018  |  Faster Payments

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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Paper Checks Continue To Steal The B2B Payments Spotlight
Paper Checks Continue To Steal The B2B Payments Spotlight
December 29, 2017  |  B2B Payments

2017 may go down in B2B payments history as the year the space finally saw a bump in attention from innovators. Amid the excitement over...

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Mastercard’s Miebach On 2017’s Big Payments Breakthroughs
Mastercard’s Miebach On 2017’s Big Payments Breakthroughs
December 29, 2017  |  Merchant Innovation

While everyone is looking ahead to 2018, it’s worth a look back at some of the major payments milestones of 2017. For Michael Miebach, chief...

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