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

Kickfin Teams With Shift4 to Automate Restaurant Tip Payments
Kickfin Teams With Shift4 to Automate Restaurant Tip Payments
August 06, 2024  |  ResTech

Tip management software company Kickfin integrated with Shift4’s restaurant point-of-sale solution SkyTab. The integration lets restaurants using SkyTab automatically determine tip pools or shares and...

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One Inc CEO Says Insurance Market Is Ripe for Embedded Payments
One Inc CEO Says Insurance Market Is Ripe for Embedded Payments
August 05, 2024  |  Insurance

In the connected economy, there are simple business models (think subscriptions), complex business models (think platforms like Uber), and then there’s insurance. The insurance sector...

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Mastercard Teams With UK Neobank Ampere on Card-to-Card Payments
Mastercard Teams With UK Neobank Ampere on Card-to-Card Payments
August 01, 2024  |  Partnerships

Mastercard and U.K. neobank Ampere teamed up to enhance the latter’s services for small businesses. The collaboration expands Ampere’s services and transfers offering, allowing its...

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Why New Use Cases Like Pay by Bank Will Fast-Track FedNow
Why New Use Cases Like Pay by Bank Will Fast-Track FedNow
August 01, 2024  |  Real-Time Payments

Since the FedNow® Service went live last July, more than 900 have banks have signed up, per the Federal Reserve. Is that a good number?...

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Blackbird Labs Debuts Check-Settlement Platform for Restaurants
Blackbird Labs Debuts Check-Settlement Platform for Restaurants
July 30, 2024  |  Restaurant innovation

Hospitality tech firm Blackbird Labs has launched a new payments product for restaurants. “Powered by Blackbird’s new blockchain, the Blackbird Flynet, Blackbird Pay gives restaurants...

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Will Earned Wage Access Unlock FedNow Sender Adoption?
Will Earned Wage Access Unlock FedNow Sender Adoption?
July 30, 2024  |  Faster Payments

One year on, FedNow and instant payments are seeing a groundswell of interest and intention to speed up funds paid out to individuals. Taking stock...

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New Data: Insurance Industry Adopts Instant Payments Amid Rising Consumer Demand
New Data: Insurance Industry Adopts Instant Payments Amid Rising Consumer Demand
July 25, 2024  |  Money Mobility

Receiving insurance disbursements in a timely fashion can be crucial. This is especially true if the expense was unexpected and for a sizeable amount. That...

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QIB Adds Request to Pay to Instant Payments Service
QIB Adds Request to Pay to Instant Payments Service
July 22, 2024  |  Faster Payments

Qatar Islamic Bank (QIB) has added a “request payment” feature to its instant payment service. The new feature, announced Monday (July 22), lets customers request a payment from...

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Brazil’s Central Bank Delays Launch of Pix Recurring Payments Feature
Brazil’s Central Bank Delays Launch of Pix Recurring Payments Feature
July 22, 2024  |  Real-Time Payments

Brazil’s central bank has delayed the launch of a recurring payments feature that will be added to its Pix instant payment system. The feature, Automatic...

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