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

Germany Could Grab 3.4 Billion Real-Time Payments Opportunity by 2026
Germany Could Grab 3.4 Billion Real-Time Payments Opportunity by 2026
April 10, 2023  |  Real-Time Payments

As European Union countries have leveraged preexisting economic relationships to offer quick and seamless cross-border payments across the region, real-time payment adoption has seen historic...

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Digital Currency Monetary Authority Debuts International CBDC
Digital Currency Monetary Authority Debuts International CBDC
April 10, 2023  |  CBDC

The Digital Currency Monetary Authority has unveiled a digital coin designed to speed cross-border transactions. Get the Full Story Complete the form to unlock this...

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Payments Execs Say Q1 ’23 Forced a New Kind of Reality Check
Payments Execs Say Q1 ’23 Forced a New Kind of Reality Check
April 10, 2023  |  Payment Methods

While some dark first-quarter 2023 recessionary imaginings came to pass — witness the tech job cuts and the collapse of important financial institutions — so...

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South Africa’s RTP Scheme Hopes to Turn Highly Banked, Cash-Centric Consumers Into RTP Users
South Africa’s RTP Scheme Hopes to Turn Highly Banked, Cash-Centric Consumers Into RTP Users
April 10, 2023  |  Digital Payments

Compared to other African markets which have high levels of unbanked populations, more than 80% of South Africa’s population has access to a bank account....

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Instant Payouts Essential to Growing Sports Betting Industry
Instant Payouts Essential to Growing Sports Betting Industry
April 06, 2023  |  Disbursements

Sports betting has always been big business in the U.S., although historically it has been mainly limited to shadowy corners of off-track establishments, bookies or...

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80% of Larger FinTechs’ Customers Have ‘No Problems’ When Sending Money
80% of Larger FinTechs’ Customers Have ‘No Problems’ When Sending Money
April 03, 2023  |  Digital Banking

For FinTechs, the key to keeping customers lies with speed and ease, especially for money mobility. Get the Full Story Complete the form to unlock...

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Healthcare Firms Move Real-Time Payments Higher on Priority List
Healthcare Firms Move Real-Time Payments Higher on Priority List
March 24, 2023  |  Healthcare

If sector organizations haven’t already implemented real-time payments, nearly all plan on it. Get the Full Story Complete the form to unlock this article and...

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Amazon Debuts Express Payout for Faster Working Capital
Amazon Debuts Express Payout for Faster Working Capital
March 22, 2023  |  Retail

Amazon Pay has unveiled a tool to give merchants faster access to working capital. Get the Full Story Complete the form to unlock this article...

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Will FedNow’s July Launch Ignite Real-Time Payments in the US?
Will FedNow’s July Launch Ignite Real-Time Payments in the US?
March 17, 2023  |  Faster Payments

The Federal Reserve’s FedNow real-time rail debut is imminent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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