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

Sionic Debuts Free CODE Pay Local Merchant Mobile App
Sionic Debuts Free CODE Pay Local Merchant Mobile App
July 12, 2022  |  Mobile Applications

Consumer-to-business (C2B) payments firm Sionic has debuted CODE Pay, a free mobile app for local merchants to accept real-time, bank-to-bank, lower-cost cash deposits from customers...

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Payments Go Real-Time
Payments Go Real-Time
July 12, 2022  |  Opinion

Tough economic times call for greater efficiency in finance and payments, Modern Treasury CEO and Co-founder Dimitri Dadiomov writes in the PYMNTS eBook, “Baseline 2022: What...

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Digital Payments Fill Auto Transporters Working Capital Gap
Digital Payments Fill Auto Transporters Working Capital Gap
July 11, 2022  |  Digital Payments

Auto dealerships often hire transport companies 50 times each month to move vehicles to or from auctions, other dealers and consumers. Get the Full Story...

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Restaurant Roundup: DoorDash Glitch Costs Thousands of Dollars
Restaurant Roundup: DoorDash Glitch Costs Thousands of Dollars
July 08, 2022  |  Restaurant Roundup

A DoorDash glitch on Thursday (July 7) had customers hauling in free food and beverages, up to thousands of dollars’ worth. Get the Full Story...

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Nuvei, GAN Forming American/Canadian Gaming Partnership
Nuvei, GAN Forming American/Canadian Gaming Partnership
July 07, 2022  |  Partnerships

Payments platform Nuvei is continuing its string of partnerships with a new collaboration with GAN Limited. Get the Full Story Complete the form to unlock...

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Credit Unions Lay Tech Groundwork in Bid to Unleash Innovation
Credit Unions Lay Tech Groundwork in Bid to Unleash Innovation
July 06, 2022  |  Credit Unions

The pervasiveness of digital can be seen in the utter transformation of everyday activities, Scott Young, vice president of innovation and design at PSCU, told...

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Revolut Takes on Square, PayPal in UK With POS Reader
Revolut Takes on Square, PayPal in UK With POS Reader
July 05, 2022  |  POS Innovation

Revolut announced Tuesday (July 5) the launch of Revolut Reader, a pocket-sized card reader designed to let merchants accept payments in person and on the...

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Payrailz and Jack Henry & Associates on the Importance of Placing Real-Time Payments Within Reach of More FIs
Payrailz and Jack Henry & Associates on the Importance of Placing Real-Time Payments Within Reach...
July 04, 2022  |  Faster Payments

For the latest edition of "The Real-Time Payments Tracker," PYMNTS brought in executives from Payrailz and Jack Henry & Assoc. to learn how third-party organizations...

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PYMNTS Intelligence: The Promise of Faster Transactions Using Blockchain Technology
PYMNTS Intelligence: The Promise of Faster Transactions Using Blockchain Technology
July 01, 2022  |  Blockchain

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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