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

Inside Visa And Vantiv’s Plan To Pay SMBs Faster

Inside Visa And Vantiv’s Plan To Pay SMBs Faster
Inside Visa And Vantiv’s Plan To Pay SMBs Faster
September 22, 2017  |  Faster Payments

While debit cards have been accessible to small- and medium-sized businesses (SMBs) with business checking accounts, they’re not among the most heavily leveraged tools in...

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Today In Data: Same Day ACH
Today In Data: Same Day ACH
September 15, 2017  |  Today In Data

In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms...

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Fed Looks To Keep Momentum Going On Payments Improvements
Fed Looks To Keep Momentum Going On Payments Improvements
September 07, 2017  |  B2B Payments

It’s been more than two years since the Federal Reserve issued its Strategies for Improving  the U.S. Payment System paper, in which the Fed outlined initiatives...

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NEW REPORT: Same Day ACH Gets Its First Sequel
NEW REPORT: Same Day ACH Gets Its First Sequel
September 06, 2017  |  Faster Payments

In mid-September, the second phase of the Same Day ACH initiative will roll out across the U.S. faster payments system. But unlike last year’s rollout,...

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Staffing Changes And New Initiatives Announced At NACHA
Staffing Changes And New Initiatives Announced At NACHA
September 04, 2017  |  Merchant Innovation

NACHA, the Electronic Payments Association, announced Friday several staffing changes along with realignment of some responsibilities – efforts the overseer of the ACH network said...

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Federal Reserve Names New Payments Strategy Director
Federal Reserve Names New Payments Strategy Director
August 25, 2017  |  B2B Payments

The U.S. Federal Reserve has named a new payments strategy director tasked with heading the agency’s payment system improvement initiatives. The Fed first announced Dave Sapenaro as the...

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Slowing Down Fraud When Payments Speed Up
Slowing Down Fraud When Payments Speed Up
August 24, 2017  |  Security & Fraud

There’s much to look forward to as the September rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but David Barnhardt, executive vice...

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ICBA Bancard CEO: Community Banks Move Faster Payments Forward
ICBA Bancard CEO: Community Banks Move Faster Payments Forward
August 14, 2017  |  Banking

Community banks have long been heralded as local leaders that create jobs and reinvest in their communities, but ICBA Bancard President and CEO Tina Giorgio...

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