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

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,...

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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...

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In FinTech Innovation, Size Isn’t Everything
In FinTech Innovation, Size Isn’t Everything
June 28, 2017  |  B2B Payments

Sometimes, the largest banks can be slowest to innovate, but in today’s FinTech ecosystem, FIs can’t afford to stand still. Matthew Williamson, global head of...

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Starling Eases Access To Faster Payments With Vocalink
Starling Eases Access To Faster Payments With Vocalink
June 28, 2017  |  B2B Payments

Payment systems provider Vocalink, recently acquired by Mastercard, continues to push for quicker payment offerings. Reports said its latest focus-driven initiative involves a partnership with...

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B2B Payments Surpasses B2C In Profit Potential, Experts Say
B2B Payments Surpasses B2C In Profit Potential, Experts Say
June 27, 2017  |  B2B Payments

In terms of innovation and profits potential, B2B payments are surpassing those in B2C according to a new report. The report was released by the Global...

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Mobile Bank Starling Joins Faster Payments
Mobile Bank Starling Joins Faster Payments
June 21, 2017  |  B2B Payments

Starling Bank, a mobile-only bank that became the first in the U.K. to launch a new current account, has joined the Faster Payments scheme to...

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Time, Really, for Real-Time Payments?
Time, Really, for Real-Time Payments?
June 19, 2017  |  Payments Innovation

Real time payments, as a concept, has been around for a while. What will it take to make the concept a reality?  In our latest...

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Divido’s Smart Path To POS Financing Growth
Divido’s Smart Path To POS Financing Growth
June 12, 2017  |  Mastercard

Installment loans in retail are not new – they’ve been around in some form for the last three or four decades.  But as Divido co-founder...

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The “Deadly Parasite” Lurking Inside The Enterprise
The “Deadly Parasite” Lurking Inside The Enterprise
June 08, 2017  |  B2B Payments

U.K. B2B payments are facing market shifts thanks to regulations like the Open Banking initiative, events like Brexit, and even international forces like Europe’s PSD2....

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