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

73% of Businesses Still Use Paper to Process and Pay Suppliers
73% of Businesses Still Use Paper to Process and Pay Suppliers
June 23, 2025  |  B2B Payments

The digital transformation sweeping consumer finance is now reshaping the landscape of B2B payments, urging financial institutions and corporate clients alike to abandon antiquated methods...

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WEX Corporate Payments Chief Says Virtual Cards Adoption Needs a Strategy Refresh
WEX Corporate Payments Chief Says Virtual Cards Adoption Needs a Strategy Refresh
June 18, 2025  |  Commercial Payments

For years, B2B payments innovation has focused on driving forward the shift from paper checks to digital platforms. Get the Full Story Complete the form...

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Mastercard and Thailand’s NITMX Team to Promote Real-Time Payments
Mastercard and Thailand’s NITMX Team to Promote Real-Time Payments
June 17, 2025  |  Partnerships

Mastercard says it is expanding its relationship with National ITMX (NITMX), the Thailand-based developer and service provider of electronic payments. Get the Full Story Complete...

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Visa and eTip Team to Help Hospitality Workers Get Tipped Faster
Visa and eTip Team to Help Hospitality Workers Get Tipped Faster
June 16, 2025  |  Real-Time Payments

Visa has teamed with eTip, a digital tipping platform for the hospitality and service industries. Get the Full Story Complete the form to unlock this...

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PayPal Turns Online Ads Into ‘Buy Now Opportunities’
PayPal Turns Online Ads Into ‘Buy Now Opportunities’
June 16, 2025  |  eCommerce

PayPal says it has developed a way to turn online ads into merchant storefronts. Get the Full Story Complete the form to unlock this article...

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Airports and Stadiums Say Mobile-First Checkout Is Big Fan Favorite
Airports and Stadiums Say Mobile-First Checkout Is Big Fan Favorite
June 13, 2025  |  POS Innovation

The roar of the crowd. The hum of a busy airport terminal. The gentle sway of a cruise ship. These environments, as varied as they...

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Payment Hubs Offer Banks a Path to Avert $98.5 Million in Annual Losses
Payment Hubs Offer Banks a Path to Avert $98.5 Million in Annual Losses
June 13, 2025  |  Banking

In a digitized financial landscape, traditional banks are facing an imperative to transform their payment infrastructures, driven by customer expectations and competition from digital-first challengers....

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Tariffs Create Tailwind For Cross-Border Digital Wallet Usage
Tariffs Create Tailwind For Cross-Border Digital Wallet Usage
June 12, 2025  |  Cross-border Payments

Beyond the headlines on tariffs, trade and their macroeconomic implications, the back and forth about exports and imports highlights the importance of smooth fund flows...

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India: No Plans to Intro New Fees on UPI Transactions
India: No Plans to Intro New Fees on UPI Transactions
June 12, 2025  |  Payments As A Service

India’s government is denying rumors of new fees on the country’s popular instant payment system. Get the Full Story Complete the form to unlock this...

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