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

What’s Fast And Slow And Read All Over?
What’s Fast And Slow And Read All Over?
July 24, 2017  |  Payment Methods

Innovative ideas are inspired by smart people who see problems and have the conviction, capital and courage to come up with new ways to solve...

READ MORE >
U.K.-Based Monzo Cautiously Optimistic About New Accounts
U.K.-Based Monzo Cautiously Optimistic About New Accounts
July 18, 2017  |  Digital Banking

After a stumble in its card payments, which we reported on in last week’s news cycle, U.K.-based Monzo is moving forward with its next rollout phase. Get...

READ MORE >
PSR Offers Up Annual Report and Regulatory Roadmap
PSR Offers Up Annual Report and Regulatory Roadmap
July 12, 2017  |  Regulation

The latest annual report by the Payments System Regulator, which oversees the British payments industry, debuted Thursday – and gives a nod to the competitiveness...

READ MORE >
How Faster Payments Collaboration Breeds Financial Services Competition
How Faster Payments Collaboration Breeds Financial Services Competition
July 10, 2017  |  B2B Payments

Accelerated payments initiatives like the U.K.’s Faster Payments Scheme (FPS) are only valuable when financial institutions and other players can actually access the service. That’s...

READ MORE >
Does The U.S. Faster Payment System Need A Federal Mandate?
Does The U.S. Faster Payment System Need A Federal Mandate?
July 10, 2017  |  Faster Payments

Get ready. When the Fed’s Faster Payments Task Force issues its mammoth recommendation for strengthening the U.S. payment system later this month, it’s unlikely a...

READ MORE >
NEW REPORT: To Mandate Or Not To Mandate? That’s The US Faster Payments Question
NEW REPORT: To Mandate Or Not To Mandate? That’s The US Faster Payments Question
July 07, 2017  |  Faster Payments

Big changes are coming to the faster payments landscape. But don’t worry about blinking and missing them, because these changes are going to stick around...

READ MORE >
What API Standardization Could Mean For Payments Fraud
What API Standardization Could Mean For Payments Fraud
July 06, 2017  |  B2B Payments

API technology is opening new doors for the world of financial services, a trend that cultivates cooperation and collaboration between FinTechs and banks, once considered...

READ MORE >
In Lending, Next-Day Payout Doesn’t Cut It
In Lending, Next-Day Payout Doesn’t Cut It
July 06, 2017  |  CEO Series

Online and alternative lending is satiating consumers’ need for speed when it comes to accessing finance. But, while an online loan decision may be near-instant,...

READ MORE >
Fed Finds ACH Surpasses Checks In Corporate Payments
Fed Finds ACH Surpasses Checks In Corporate Payments
July 05, 2017  |  B2B Payments

The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled...

READ MORE >