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

Real-Time Payroll: Not Just For Gig Workers

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 >
Pelican Launches Real-Time Payments In The U.S.
Pelican Launches Real-Time Payments In The U.S.
February 01, 2018  |  B2B Payments

Payments technology and security company Pelican is expanding its real-time payments capabilities into the U.S. Get the Full Story Complete the form to unlock this...

READ MORE >
Australia’s Real-Time Payments Push Brings Cyber Fears
Australia’s Real-Time Payments Push Brings Cyber Fears
January 30, 2018  |  B2B Payments

Australia is gearing up to become the latest market to roll out a real-time payments infrastructure, but the plans are raising some security concerns, according...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >