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

FIS Debuts Money Movement Hub to Ease Payment Friction
FIS Debuts Money Movement Hub to Ease Payment Friction
May 01, 2025  |  Faster Payments

FIS debuted a tool to help financial institutions link to payment networks and process payments in one place. Get the Full Story Complete the form...

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Why Real-Time Payments Are Less About Timing and More About Trust
Why Real-Time Payments Are Less About Timing and More About Trust
May 01, 2025  |  Real-Time Payments

For banks seeking to lure and keep small- to medium-sized business (SMB) clients, real-time payments can become big business. Get the Full Story Complete the...

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DailyPay to Expand On-Demand Pay Platform to Canada in May
DailyPay to Expand On-Demand Pay Platform to Canada in May
April 30, 2025  |  Disbursements

DailyPay will expand its On-Demand Pay platform to Canada in May. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Payment Processors Become One-Stop Financial Platforms for Merchants
Payment Processors Become One-Stop Financial Platforms for Merchants
April 29, 2025  |  B2B Payments

As the global economy continues toward digital transformation, payment processors are quietly orchestrating their own revolution behind the scenes. Get the Full Story Complete the...

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Banks Rush to Promote Instant Payments as RTP Crosses Billion-Transaction Mark
Banks Rush to Promote Instant Payments as RTP Crosses Billion-Transaction Mark
April 28, 2025  |  Real-Time Payments

Roughly seven and a half years after The Clearing House (TCH) launched its RTP® network — the first new U.S. payments infrastructure in four decades...

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Truist Completes Initial Test of Alias-Based Bill Payment Solution
Truist Completes Initial Test of Alias-Based Bill Payment Solution
April 25, 2025  |  Payments Innovation

Truist completed the initial testing phase of an alias-based bill payment solution that uses The Clearing House’s RTP® network and Request for Payment (RfP) platform....

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Small Businesses Turn to Instant Payments as Ad Hoc Transactions Surge
Small Businesses Turn to Instant Payments as Ad Hoc Transactions Surge
April 24, 2025  |  Faster Payments

Cash is king, and cash flow rules the day, especially for small businesses that might not have the wherewithal to weather macroeconomic shocks. Get the...

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Nacha: Same Day ACH Value Leaps 25% YoY in First Quarter
Nacha: Same Day ACH Value Leaps 25% YoY in First Quarter
April 23, 2025  |  Faster Payments

Same Day ACH saw double-digit increases in both volume and value during the first quarter as the payment method continued to gain acceptance. Get the...

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Corporates Pressure Banks to Accelerate Instant Payments Adoption
Corporates Pressure Banks to Accelerate Instant Payments Adoption
April 21, 2025  |  Faster Payments

Tariffs are here, inflation is sticky, and supply chains and vendor relationships are in flux. Get the Full Story Complete the form to unlock this...

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