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 The Drive To Modernize Treasury Ops, Mind The Gap

In The Drive To Modernize Treasury Ops, Mind The Gap
In The Drive To Modernize Treasury Ops, Mind The Gap
September 25, 2018  |  Cybersecurity

All business investment involves trade-offs. When it comes to cash management, figuring out what is "nice to have" versus "need to have" can be a...

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UK’s Payment Systems Operator, NPSO, Details RFP Must-Haves
UK’s Payment Systems Operator, NPSO, Details RFP Must-Haves
September 24, 2018  |  Cross-border Payments

The New Payment System Operator (NPSO) announced on Monday (Sept. 24) the initial details for a new procurement process for the clearing and settlement layer...

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Nexus Explores Unexpected Challenges Of Faster Supplier Payments
Nexus Explores Unexpected Challenges Of Faster Supplier Payments
September 21, 2018  |  B2B Payments

Late and delayed supplier payments are often discussed as a problem that can plague any industry. While that may be true, in the real estate...

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FBI Sets Sights On Payroll Fraud Scheme
FBI Sets Sights On Payroll Fraud Scheme
September 21, 2018  |  B2B Payments

Payroll fraud is underway, according to the FBI's "IC3" division, targeting employees in a number of verticals. The key method is phishing. Elsewhere, Europol warns...

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Typhoon Won’t Delay Hong Kong’s Real-Time Payment Launch: HKMA
Typhoon Won’t Delay Hong Kong’s Real-Time Payment Launch: HKMA
September 19, 2018  |  B2B Payments

Financial service providers in Hong Kong are readying to facilitate real-time payments for both corporate and non-corporate customers as the market’s Faster Payment System (FPS)...

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NACHA Approves Expansion Of Same Day ACH
NACHA Approves Expansion Of Same Day ACH
September 17, 2018  |  Payment Methods

NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers....

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How Mastercard And The Red Cross Are Taking On Natural Disaster Payments
How Mastercard And The Red Cross Are Taking On Natural Disaster Payments
September 17, 2018  |  Mastercard

When Mastercard launched Send in 2015, the focus was on making it easy to move money quickly between businesses and people using the debit card as...

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Why Certainty Rules Payments
Why Certainty Rules Payments
September 17, 2018  |  Payments Innovation

I needed a few outdoor cushions earlier this season and hired a local upholstery shop to make them. This small business is a really small...

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