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

Adyen and Intuit Team to Speed Payments for UK Small Businesses
Adyen and Intuit Team to Speed Payments for UK Small Businesses
December 04, 2024  |  B2B Payments

QuickBooks maker Intuit has launched a collaboration with Dutch payments firm Adyen. The partnership is designed to help small and medium-sized businesses (SMB) in the U.K. more...

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The Clearing House Spikes Individual Transaction Limit to $10 Million
The Clearing House Spikes Individual Transaction Limit to $10 Million
December 04, 2024  |  Real-Time Payments

The Clearing House plans to raise its instant payment network’s individual transaction limit. Starting next year, the RTP® Network will allow individual transactions of up...

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Nuvei Launches Blockchain-Based Solution for Cross-Border B2B Payments
Nuvei Launches Blockchain-Based Solution for Cross-Border B2B Payments
December 04, 2024  |  B2B Payments

Nuvei has launched a blockchain-based payment solution for merchants across Latin America, saying it enables these businesses to make faster cross-border B2B payments and settlements....

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71% of Financial Institutions Turn to AI to Fight Faster Payments Fraud
71% of Financial Institutions Turn to AI to Fight Faster Payments Fraud
December 03, 2024  |  Fraud Prevention

As demand for faster payments grows, so does the risk of fraud. More than 170 million U.S. consumers received at least one disbursement in the...

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3 Ways AI Moves B2B Tech From Reactionary to Anticipatory
3 Ways AI Moves B2B Tech From Reactionary to Anticipatory
November 27, 2024  |  Artificial Intelligence

Across B2B payments and technology, artificial intelligence is emerging as more than just another transformative technology. It’s becoming a compass for the future. For decades,...

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Worldpay Debuts Near-Instant Refund Tool for UK Shoppers
Worldpay Debuts Near-Instant Refund Tool for UK Shoppers
November 27, 2024  |  Faster Payments

Worldpay introduced what it called a “first-of-its-kind service” capable of delivering near-instant refunds. The refunds — the speed of which depends on the receiving financial...

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J.P. Morgan Weighs In on Retail’s Three Big Moments of Truth
J.P. Morgan Weighs In on Retail’s Three Big Moments of Truth
November 25, 2024  |  Retail

We all heard the saying as kids when parents and teachers offered up these words of wisdom: You only get one chance to make a...

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Treasury Official: US Promotes Innovation and Regulatory Frameworks for Cross-Border Payments
Treasury Official: US Promotes Innovation and Regulatory Frameworks for Cross-Border Payments
November 22, 2024  |  Cross-border Payments

The U.S. is working to keep the dollar as the dominant currency in global usage at a time when new cross-border payment arrangements are emerging, Department...

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US Bank and One Inc Team to Accelerate Instant Insurance Payments
US Bank and One Inc Team to Accelerate Instant Insurance Payments
November 21, 2024  |  Partnerships

Insurance industry payments network One Inc has launched a partnership with U.S. Bank. The collaboration, announced Thursday (Nov. 21), integrates U.S. Bank’s money movement and banking...

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