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

TRENDING: Putting IT Professionals Through Cyberattack Boot Camp
TRENDING: Putting IT Professionals Through Cyberattack Boot Camp
November 03, 2017  |  Faster Payments

The recent Equifax data breach and a string of ransomware attacks in Europe have raised several questions around cybersecurity. And, arguably, one of the most...

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Sluggish Payments Hold Back Gig Economy
Sluggish Payments Hold Back Gig Economy
November 02, 2017  |  Gig Economy

Freelance work isn’t free — no matter what some clients may wish. When multiple bills come in or cash falls short, clients can be quick...

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Intuit Targets Faster SMB Payments With QuickBooks Update
Intuit Targets Faster SMB Payments With QuickBooks Update
October 26, 2017  |  B2B Payments

Intuit is adding a new service for its small business (SMB) users of accounting solution QuickBooks. Get the Full Story Complete the form to unlock...

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Embracing The Cloud With FIs’ Corporate Clientele On The Line
Embracing The Cloud With FIs’ Corporate Clientele On The Line
October 18, 2017  |  B2B Payments

Banks have always turned to third-party FinTechs to integrate add-on services for their customers. As interest in corporate financial services heats up, financial institutions (FIs)...

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Citi, FIS Enhance Corporate Treasury Solutions Via API
Citi, FIS Enhance Corporate Treasury Solutions Via API
October 17, 2017  |  B2B Payments

Financial service technology company FIS is partnering with Citi to increase faster payments and real-time payment monitoring capabilities to corporate treasurers. Get the Full Story...

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Fed Names 27 To Serve On US Faster Payments Working Group
Fed Names 27 To Serve On US Faster Payments Working Group
October 13, 2017  |  Payment Methods

The Federal Reserve, on behalf of the Governance Framework Formation Team, announced the members of the collaborative industry short-term workgroup tasked with developing a governance...

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CHAPS Payment Scheme Confident In Payments Rebound Post-Brexit
CHAPS Payment Scheme Confident In Payments Rebound Post-Brexit
October 12, 2017  |  B2B Payments

The U.K.’s Clearing House Automated Payments System (CHAPS) is forecasting growth over the next decade. Get the Full Story Complete the form to unlock this...

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ACI Streamlines Banks’ Path To Real-Time Payments
ACI Streamlines Banks’ Path To Real-Time Payments
October 11, 2017  |  B2B Payments

ACI Worldwide has unleashed its real-time payment solution for financial institutions (FIs). Get the Full Story Complete the form to unlock this article and enjoy...

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Why Treasurers Aren’t Into Real-Time Payments
Why Treasurers Aren’t Into Real-Time Payments
October 05, 2017  |  B2B Payments

The hype over real-time payments is strong among consumers, but for corporates, enthusiasm is a bit more muted. A survey from TD Bank released last...

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