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

Equifax Teams To Launch Canadian SMB Credit Scoring Service
Equifax Teams To Launch Canadian SMB Credit Scoring Service
July 10, 2018  |  SMBs

Equifax, the credit scoring company, and Thinking Capital announced on Tuesday (July 10) the launch of BillMarket, a solution that brings together a small business...

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UK Faster Payments Glitch Causes Backlog
UK Faster Payments Glitch Causes Backlog
July 09, 2018  |  B2B Payments

A glitch in the infrastructure of the U.K.’s Faster Payments system has caused a backlog of transactions still waiting to clear hours later, according to...

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Payments’ Ever-Increasing Tempo
Payments’ Ever-Increasing Tempo
July 05, 2018  |  Today In Data

A decade ago, when Britain first launched its Faster Payments Scheme, buzz had barely begun on the topic. Ten years and 9.1 billion payments later,...

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Reflecting On The UK’s Decade Of Faster Payments — And Fraud
Reflecting On The UK’s Decade Of Faster Payments — And Fraud
July 04, 2018  |  Faster Payments

From enabling new messaging capabilities in the U.S. to cross-border push payments for expats in Kuwait and Zimbabwe, access to faster payments tools is rapidly...

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UK Continues Payments Industry Consolidation
UK Continues Payments Industry Consolidation
July 03, 2018  |  B2B Payments

The U.K. continues to consolidate its payments industry, with its New Payment System Operator (NPSO) announcing the latest step in the initiative. A press release...

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NEW REPORT: Minding Faster Payments Global Gaps
NEW REPORT: Minding Faster Payments Global Gaps
July 03, 2018  |  Faster Payments

The need for faster payments is transcending borders, with FIs in several major global regions making efforts to expand local access to speedier payments. These...

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Atradius Reports: Top US Firms Take Longest Time To Pay B2B Invoices In A Decade
Atradius Reports: Top US Firms Take Longest Time To Pay B2B Invoices In A Decade
June 29, 2018  |  B2B Payments

The U.K. retains the spotlight when it comes to the fight against late supplier payments, but the market isn’t the only one in which vendors...

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For Insurance, Faster Payments Means Nothing Without Data
For Insurance, Faster Payments Means Nothing Without Data
June 29, 2018  |  B2B Payments

B2B payments in the insurance industry suffer from many of the same challenges that other markets do: namely, check-based payments. However, to push insurance providers...

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PayPoint Enables Tide Customers To Deposit Cash At 29,000 UK Retailers
PayPoint Enables Tide Customers To Deposit Cash At 29,000 UK Retailers
June 28, 2018  |  Partnerships / Acquisitions

PayPoint, the payment technology company, announced news on Thursday (June 28) that it inked a partnership with U.K. challenger bank Tide in which customers will...

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