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

From Heavyweights To Newcomers, Finserv Goes All-In On APIs

From Heavyweights To Newcomers, Finserv Goes All-In On APIs
From Heavyweights To Newcomers, Finserv Goes All-In On APIs
February 15, 2018  |  B2B Payments

The conversation around B2B payments innovation and progress cannot be held without the banks. Sure, FinTechs are flocking to the industry to play their part...

READ MORE >
Tapping ACH, Blockchain Into The Game Of Faster SMB Travel Payments
Tapping ACH, Blockchain Into The Game Of Faster SMB Travel Payments
February 15, 2018  |  B2B Payments

Entrepreneurial and small travel management firms face a few key points of friction when it comes to payments: the volume of transactions they have to...

READ MORE >
Aussie FIs’ Real-Time Payments Tempered By Government Probe
Aussie FIs’ Real-Time Payments Tempered By Government Probe
February 13, 2018  |  B2B Payments

Three of Australia’s four largest banks have rolled out real-time payments capabilities as the government launches a widespread inquiry into the financial services sector. Get...

READ MORE >
Why B2B Payments Innovation Is Key To China’s Global Standing
Why B2B Payments Innovation Is Key To China’s Global Standing
February 08, 2018  |  B2B Payments

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. Get...

READ MORE >
Today In Data: Workplace AI, Faster Payments’ Proliferation And Snap Shares Are Up
Today In Data: Workplace AI, Faster Payments’ Proliferation And Snap Shares Are Up
February 07, 2018  |  Today In Data

Today in PYMNTS data, finance professionals are using artificial intelligence (AI) in the workplace, payment speeds have varying impacts on different-sized businesses, Snap shares officially...

READ MORE >
Artificial Intelligence Lands AR In Uncharted Territory
Artificial Intelligence Lands AR In Uncharted Territory
February 07, 2018  |  B2B Payments

Artificial intelligence (AI) is finding success in the back office, and that includes in financial systems and accounting departments. AI and machine learning have the...

READ MORE >
Canadian Firms Spending $5 Billion On Payments Processing
Canadian Firms Spending $5 Billion On Payments Processing
February 07, 2018  |  B2B Payments

A new report from Ernst and Young LLP (EY) and Payments Canada finds Canadian businesses are spending as much as $5.2 billion on payments processing....

READ MORE >
Real-Time Payroll: Not Just For Gig Workers
Real-Time Payroll: Not Just For Gig Workers
February 07, 2018  |  Matchmakers

Employees making $10 an hour or working gigs with companies like Uber and Lyft aren’t the only ones who struggle to make ends meet. Retail...

READ MORE >