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

Ingo CEO On 2018’s Push Payments ‘Great Awakening’ (And What’s Next)

Ingo CEO On 2018’s Push Payments ‘Great Awakening’ (And What’s Next)
Ingo CEO On 2018’s Push Payments ‘Great Awakening’ (And What’s Next)
December 19, 2018  |  Payment Methods

With the launch of Ingo Money QuickConnect last week, the company capped off a year that CEO Drew Edwards told Karen Webster could best be...

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Australia Budgets For SMB Cybersecurity, Five-Day Supplier Payments
Australia Budgets For SMB Cybersecurity, Five-Day Supplier Payments
December 18, 2018  |  B2B Payments

The Australian government has announced plans to set aside millions of dollars to support small business (SMB) cybersecurity, digitization efforts and accelerated supplier payment times,...

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SWIFT gpi Used For More Than Half Of Cross-Border Traffic
SWIFT gpi Used For More Than Half Of Cross-Border Traffic
December 18, 2018  |  Real-Time Payments

SWIFT said Tuesday (December 18) that its SWIFT gpi payment service is being used for more than half of SWIFT’s cross-border traffic. Get the Full Story...

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UK Late Pay Epidemic Looms Over Xmas Season
UK Late Pay Epidemic Looms Over Xmas Season
December 17, 2018  |  B2B Payments

The U.K. seems to be the epicenter of the late payments epidemic, and new stats bear out the cost to the tune of billions of...

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Did Payments 2018 Predictions Come True?
Did Payments 2018 Predictions Come True?
December 17, 2018  |  Payments Innovation

In about two weeks, 2018 will be one for the history books. And from a payments and commerce perspective, it really has been one heck...

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Vocalink: Freezing Mule Accounts With AML Tech
Vocalink: Freezing Mule Accounts With AML Tech
December 14, 2018  |  Cybersecurity

Whoa, mule. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

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Peru Taps Vocalink In Payments System Overhaul
Peru Taps Vocalink In Payments System Overhaul
December 13, 2018  |  B2B Payments

Real-time payments is a goal in Peru, as the automated clearing house there links with Vocalink. Retailers want real-time transactions, too, and SWIFT continues to broaden...

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How Smarter Payments Are Making The Gig Economy Safer
How Smarter Payments Are Making The Gig Economy Safer
December 13, 2018  |  Smarter Payments

Even as technologies and payments get smarter, some firms still employ less-than-smart practices. For example, in the freelance market, says Engage Technology Partners Chief Product...

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