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

Axle Debuts New Freight Carrier Payments Program
Axle Debuts New Freight Carrier Payments Program
March 10, 2022  |  Faster Payments

Axle, a payments automation and financing platform for the freight and logistics industry, on Thursday (March 10) unveiled its new carrier payments solution, Axle Wallet,...

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The Rhode Island Department of Business Regulation on Using ACH Transactions to Unlock Seamless, Secure Payments
The Rhode Island Department of Business Regulation on Using ACH Transactions to Unlock Seamless, Secure...
March 10, 2022  |  Faster Payments

Government bureaucracy and paper checks may have a long history together, but ACH is making inroads as a fast, reliable and paper-free alternative. In the...

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Today in B2B: JIFFY.ai Raises $53M for HyperApp Platform; Trucking Companies Need One-Stop Shop for Buying Used Commercial Vehicles
Today in B2B: JIFFY.ai Raises $53M for HyperApp Platform; Trucking Companies Need One-Stop Shop for...
March 09, 2022  |  B2B Payments

Today in B2B payments, payment APIs might be the key to smoother cash flow, and Billtrust teams up with Procede Software to expedite commercial vehicle...

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FedNow’s Progress on Instant Payments May Weaken Case for Digital Dollar
FedNow’s Progress on Instant Payments May Weaken Case for Digital Dollar
March 09, 2022  |  Faster Payments

Deciding whether to create a digital dollar was a key part of an executive order President Joe Biden announced Wednesday morning (March 9) to create...

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Workforce Payments Platform Branch Closes $75M Funding Round
Workforce Payments Platform Branch Closes $75M Funding Round
March 09, 2022  |  Investments

Branch, the Minneapolis-based workforce payments platform, has closed on a $75 million Series C funding round, the company announced Wednesday (March 9). Get the Full...

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State Governments Move to ACH as Checks No Longer Cut It for Consumers and Businesses
State Governments Move to ACH as Checks No Longer Cut It for Consumers and Businesses
March 09, 2022  |  Faster Payments

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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Today in B2B: Tech Firms’ Payment Operations Need Boost; Gig Workers Rely on FinTechs for Faster Payouts
Today in B2B: Tech Firms’ Payment Operations Need Boost; Gig Workers Rely on FinTechs for...
March 08, 2022  |  B2B Payments

Today in B2B payments, Thirdfort raises $20 million for its ID verification platform, and Swiftly raises $100 million in Series B fundraising round. Plus, Hopscotch...

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Average Marketplace Seller Waits 3.3 Days to Get Paid
Average Marketplace Seller Waits 3.3 Days to Get Paid
March 07, 2022  |  B2B Payments

Many small sellers rely on digital marketplaces to stay afloat. Still, they face an ongoing challenge when it comes to promptly receiving the sales proceeds...

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Product Development Automation, Collaboration Boost Payments Innovation
Product Development Automation, Collaboration Boost Payments Innovation
March 03, 2022  |  Payment Methods

In a 24/7 world of digital commerce that spans the globe, payments velocity — and the velocity of innovation itself — is critical. Get the...

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