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

Millennials Lead in Reimbursements Received as Instant Business Expense Payouts Surge
Millennials Lead in Reimbursements Received as Instant Business Expense Payouts Surge
December 05, 2023  |  Faster Payments

With the advent of digital payments, instant reimbursements have gained popularity, providing employees with convenience and quick access to funds. Get the Full Story Complete...

READ MORE >
Instant Reimbursements for Employee Expenses Rise 15% in 2023
Instant Reimbursements for Employee Expenses Rise 15% in 2023
December 05, 2023  |  Money Mobility

Business travel is increasing as professionals attend industry conferences and meet with clients in person now that pandemic-related measures have lifted. This rise has also...

READ MORE >
Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
December 04, 2023  |  Cross Border Commerce

Hong Kong and Thailand are bridging the gap between their economies. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

READ MORE >
How AWS and PayShap Increased Financial Inclusion in South Africa
How AWS and PayShap Increased Financial Inclusion in South Africa
December 04, 2023  |  Financial Inclusion

Nilesh Dusane, global head of institutional payments at AWS, and Ben Janse van Rensburg, interim CIO at BankservAfrica, told PYMNTS that instant payments will do...

READ MORE >
Cash Not King in India as More Than 50% of Shoppers Use Digital Wallets to Shop
Cash Not King in India as More Than 50% of Shoppers Use Digital Wallets to...
December 04, 2023  |  Mobile Wallets

India, traditionally reliant on cash, embarked on a digital payments journey 15 years ago. Get the Full Story Complete the form to unlock this article...

READ MORE >
Five Months in, FedNow Is ‘Doing What It Was Planned to Do’
Five Months in, FedNow Is ‘Doing What It Was Planned to Do’
December 01, 2023  |  Faster Payments

Five months since the FedNow® Service launched, Miriam Sheril, head of product, U.S. at Form3, told PYMNTS, there are some encouraging signs. Get the Full...

READ MORE >
Most Borrowers Drawn to Speed and Convenience of Instant Disbursements 
Most Borrowers Drawn to Speed and Convenience of Instant Disbursements 
November 30, 2023  |  Disbursements

Disbursements are a critical part of consumers’ financial lives, encompassing various payments such as earnings, income, tax refunds, insurance claims and loan disbursements. While these...

READ MORE >
ACI and Mexipay Launch Real-Time Payment Partnership
ACI and Mexipay Launch Real-Time Payment Partnership
November 28, 2023  |  Real-Time Payments

ACI Worldwide has teamed with Mexipay to promote real-time payment use in Mexico. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

READ MORE >
Study Finds More Instant Payment Options Increase Customer Satisfaction
Study Finds More Instant Payment Options Increase Customer Satisfaction
November 28, 2023  |  Faster Payments

Using instant payment methods can streamline the payment process and improve overall customer satisfaction, making consumers 11% more satisfied and nearly double their likelihood to...

READ MORE >