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

The Big Tech Canary In The Faster Payments Coal Mine

The Big Tech Canary In The Faster Payments Coal Mine
The Big Tech Canary In The Faster Payments Coal Mine
January 21, 2019  |  Real-Time Payments

There’s a canary in the faster payments coal mine. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Lloyds Banking Group Reports Faster Payments Outage
Lloyds Banking Group Reports Faster Payments Outage
January 18, 2019  |  Banking

Lloyds Banking Group, which includes Bank of Scotland, Halifax and Lloyds, has suffered a faster payments glitch that affects customers’ ability to get money, according...

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US Faster Payments Council Names New Leadership
US Faster Payments Council Names New Leadership
January 15, 2019  |  Personnel

The U.S. Faster Payments Council (FPC), a membership comprised of payment industry leaders, has appointed Kevin Christensen, a senior executive at the SHAZAM network, as...

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Today In Data: Convenience Delivered By Speed And Streamlining
Today In Data: Convenience Delivered By Speed And Streamlining
January 11, 2019  |  Today In Data

The key to making something more convenient for consumers usually lies in one of two areas: making something faster to do, or making it simpler...

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Today In Data: Convenience Delivered By Speed And Streamlining
Today In Data: Convenience Delivered By Speed And Streamlining
January 11, 2019  |  Today In Data

The key to making something more convenient for consumers usually lies in one of two areas: making something faster to do, or making it simpler...

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Russia’s Electronic B2B Payments Expectations Go Beyond B2C
Russia’s Electronic B2B Payments Expectations Go Beyond B2C
January 11, 2019  |  B2B Payments

B2B payments always seems to be a step or two behind B2C payments innovation, on several fronts. It’s often struggling to make progress, weighed down...

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Death And Taxes: One Is Becoming Much More Digital
Death And Taxes: One Is Becoming Much More Digital
January 10, 2019  |  Disbursements

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process,...

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Alipay In X-Border Blockchain Pact
Alipay In X-Border Blockchain Pact
January 10, 2019  |  B2B Payments

Blockchain grabbed some headlines this past week as DLT helped foster new cross border payment initiatives, notably from Alipay and Ripple.  Elsewhere, Faster Payments gains...

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