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

The Clearing House CEO: ‘It’s All About Growing the Real-Time Payments Pie, Not Fighting Over Profits’
The Clearing House CEO: ‘It’s All About Growing the Real-Time Payments Pie, Not Fighting Over...
October 16, 2023  |  Real-Time Payments

Now in his eighth month as CEO of The Clearing House, David Watson noted to PYMNTS CEO Karen Webster that there’s significant promise — and...

READ MORE >
95% of Payouts to Bank Accounts Don’t Happen in Real Time
95% of Payouts to Bank Accounts Don’t Happen in Real Time
October 13, 2023  |  Real-Time Payments

The rise of open banking is evolving banks as we know it. Instead of traditional banks keeping consumer financial data solely within their closed systems,...

READ MORE >
Circle and Coins.ph Partner to Promote USDC Use in Philippines
Circle and Coins.ph Partner to Promote USDC Use in Philippines
October 11, 2023  |  Cryptocurrency

Circle Internet Financial and Coins.ph, a cryptocurrency exchange and digital wallet provider, have announced a partnership to promote financial inclusion through remittances in the Philippines. Get the...

READ MORE >
Trust Matters in B2B: How Commercial Relationships Impact Payments Innovation
Trust Matters in B2B: How Commercial Relationships Impact Payments Innovation
October 11, 2023  |  B2B Payments

Businesses that trust each other, grow together.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

READ MORE >
Research Links Quick Access to Digital Loans to Higher Default Rates
Research Links Quick Access to Digital Loans to Higher Default Rates
October 10, 2023  |  Loans

Technology broadened the lending landscape, making it easier for previously underserved populations to receive money with a speediness that would be otherwise unimaginable were it...

READ MORE >
How Existing Payments Infrastructure Drives Innovation at Scale
How Existing Payments Infrastructure Drives Innovation at Scale
October 10, 2023  |  Payments Innovation

The way money moves is evolving at a rapid and exciting clip. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
Can Blockchain Deliver Speed, Security and Inclusion to Global Payments?
Can Blockchain Deliver Speed, Security and Inclusion to Global Payments?
October 06, 2023  |  Blockchain

Innovative technology is on the cusp of transforming existing global payments infrastructure. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
AP Automation Helps Corporates Do More With Less
AP Automation Helps Corporates Do More With Less
October 05, 2023  |  Accounts Payable

When and how much a business gets paid can determine whether it will survive. Get the Full Story Complete the form to unlock this article...

READ MORE >
82% of Small Insurance Firms Forgo Instant Payments
82% of Small Insurance Firms Forgo Instant Payments
October 05, 2023  |  Real-Time Payments

The insurance industry is witnessing a surge in the adoption of real-time payments, with nearly 40% of all firms surveyed in a PYMNTS study planning...

READ MORE >