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

PayCommerce Makes First Real-Time, Cross-Border B2B Payment

PayCommerce Makes First Real-Time, Cross-Border B2B Payment
PayCommerce Makes First Real-Time, Cross-Border B2B Payment
January 31, 2017  |  B2B Payments

B2B payments company PayCommerce announced Monday (Jan. 30) it completed its first real-time, cross-border B2B payment using blockchain technology. Get the Full Story Complete the...

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Dwolla Wants Smaller FinTechs Involved In Fed’s Faster Payments
Dwolla Wants Smaller FinTechs Involved In Fed’s Faster Payments
January 27, 2017  |  B2B Payments

Digital payments firm Dwolla is the latest to want in on the Federal Reserve Faster Payments initiative. Get the Full Story Complete the form to unlock...

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PYMNTS Daily Data Dive: Same Day ACH
PYMNTS Daily Data Dive: Same Day ACH
January 26, 2017  |  Daily Data Dive

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23...

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Why B2B Payments Can’t Shake Its Anti-Innovation Notoriety
Why B2B Payments Can’t Shake Its Anti-Innovation Notoriety
January 26, 2017  |  B2B Payments

B2B payments have a reputation for being slow to innovate, though the last couple years has challenged that notoriety. Faster payments initiatives, blockchain and other...

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NACHA Releases Same Day ACH Stats
NACHA Releases Same Day ACH Stats
January 25, 2017  |  Faster Payments

The results are in. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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EBA Clearing Testing Real-Time Payments Tool
EBA Clearing Testing Real-Time Payments Tool
January 20, 2017  |  B2B Payments

EBA Clearing, set to launch its real-time payment service across Europe later this year, has officially commenced the testing phase of its technology. Get the...

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Seeking A Better Way To Test The Newest Payments Tech
Seeking A Better Way To Test The Newest Payments Tech
January 17, 2017  |  B2B Payments

Alongside the expansion of payments technologies, payment testing service providers have had to grow and flex to meet market needs. Companies like Paragon Application Systems,...

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UK Faster Payments Scheme Eases Access For Developers
UK Faster Payments Scheme Eases Access For Developers
January 17, 2017  |  B2B Payments

The U.K.’s Faster Payments scheme is a critical component of the nation’s push towards real-time payments. The scheme offers real-time credits for payments made online,...

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Speed, Transparency Surface As Top Payments Priorities
Speed, Transparency Surface As Top Payments Priorities
January 13, 2017  |  B2B Payments

There are two accelerators driving payments innovation today: transparency and speed. Consequently, these two factors are also top-of-mind for today’s corporate treasurers when it comes...

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