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)

Onbe and ScrapRight Enable Digital Payouts by Scrapyards, Recycling Centers
Onbe and ScrapRight Enable Digital Payouts by Scrapyards, Recycling Centers
April 11, 2024  |  Digital Payments

Onbe and ScrapRight have partnered to help scrapyards and recycling centers make instant digital payouts to sellers. With this partnership, Onbe’s digital payouts gateway has been integrated with...

READ MORE >
Settle CEO Says GenAI Expedites Cash Flow Management
Settle CEO Says GenAI Expedites Cash Flow Management
April 11, 2024  |  artificial intelligence

The way businesses pay vendors, handle invoices and apply for financing is, in many ways, what defines and drives their business strategy.  And the financial...

READ MORE >
ServiceUp Adds Expedited Payment Processing to Auto Repair Shop Platform
ServiceUp Adds Expedited Payment Processing to Auto Repair Shop Platform
April 10, 2024  |  Faster Payments

ServiceUp added an expedited payment processing feature to its auto repair shop management platform. The new InstaPay feature ensures that auto repair shops receive their money...

READ MORE >
Trustly and Light & Wonder Team on Cashless Casino Deposits
Trustly and Light & Wonder Team on Cashless Casino Deposits
April 10, 2024  |  Partnerships

Trustly launched a payments partnership with games company Light & Wonder. The collaboration is designed to bring cashless, in-person deposits to casino floors using Light & Wonder’s...

READ MORE >
Mastercard Realigns Organizational Structure, Adds ‘Data and AI’ Group
Mastercard Realigns Organizational Structure, Adds ‘Data and AI’ Group
April 09, 2024  |  Mastercard

Mastercard realigned its organizational structure to support its strategic priorities and position itself for “the next era of growth.” The realignment centers on three teams: Core...

READ MORE >
Gig Economy and Gaming Push Instant Payments Forward
Gig Economy and Gaming Push Instant Payments Forward
April 09, 2024  |  Money Mobility

Ad hoc payments — non-recurring payments made outside of normal invoicing and payroll processes — are somewhat of a nuisance to enterprises. However, instant payment...

READ MORE >
Kyriba and JPMorgan’s Onyx Collaborate on Blockchain-Based X-Border Payments
Kyriba and JPMorgan’s Onyx Collaborate on Blockchain-Based X-Border Payments
April 08, 2024  |  Partnerships

Kyriba and J.P. Morgan’s blockchain business unit, Onyx, are collaborating to streamline cross-border payments. Kyriba, a provider of liquidity performance solutions, will use Onyx’s digital currency and blockchain...

READ MORE >
Managed Services Give Banks End-to-End Look at Real-Time Payments 
Managed Services Give Banks End-to-End Look at Real-Time Payments 
April 05, 2024  |  Real-Time Payments

Laura Sullivan, senior product manager at Form3, told PYMNTS in an interview that as faster payments gain ground in the United States, fraudsters are lying in...

READ MORE >
RTP Network Reports 15% Growth per Quarter Since 2019
RTP Network Reports 15% Growth per Quarter Since 2019
April 04, 2024  |  Real-Time Payments

The Clearing House’s RTP® Network has seen growth in both transaction volume and value in 19 out of the last 20 quarters, dating back to 2019. Both...

READ MORE >