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

Treasury Finds Promise In, Urges Regulation Across, FinTech Landscape
Treasury Finds Promise In, Urges Regulation Across, FinTech Landscape
August 06, 2018  |  Regulation

It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for a sea change...

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Today In Data: The Best Time Is Real Time
Today In Data: The Best Time Is Real Time
August 01, 2018  |  Today In Data

For businesses, workers and consumers all over the world, the best time for a payment is right now – if at all possible. Unlocking faster payments has...

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Entrepreneurs Becoming A Driving Force Behind Data Sharing In The US
Entrepreneurs Becoming A Driving Force Behind Data Sharing In The US
July 27, 2018  |  B2B Payments

Europe and the U.K. solidified their reputations as having progressive views on data security and ownership with the PSD2 and GDPR regulations that came into effect...

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Lloyds, Halifax Hit By Fund Transfer Outage In UK
Lloyds, Halifax Hit By Fund Transfer Outage In UK
July 20, 2018  |  Digital Banking

Lloyds Banking Group was hit by a computer outage that left customers unable to conduct fund transfers for several hours, according to officials. The outage...

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As PSD2 Gets Off the Ground, Fraudsters Gear Up
As PSD2 Gets Off the Ground, Fraudsters Gear Up
July 18, 2018  |  Fraud Prevention

Criminals are always on the hunt for new opportunity. As companies settle into a world governed by Europe’s second Payment Services Directive (PSD2), and as...

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How Uncertainty Kills Commerce
How Uncertainty Kills Commerce
July 16, 2018  |  Payments Innovation

Scientists say that humans have a lot in common with mice. Both species, a new study conducted by researchers at the University of Minnesota Medical...

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Creating The New Payments And Commerce Normal
Creating The New Payments And Commerce Normal
July 13, 2018  |  Today In Data

The pace of payments is getting faster — because the demand and expectations are on the rise. Gig workers and those living paycheck to paycheck...

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PSD2 Smiles On Biometrics — And Other Tales From The New World
PSD2 Smiles On Biometrics — And Other Tales From The New World
July 12, 2018  |  Bank Regulation

Watching. Waiting. Concerns about fraud. And an apparent boost for biometrics. The second Payment Services Directive — known as PSD2 — has come into effect in...

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