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

Paychex Tackles Payroll Cash Flow Woes With Subscription Service
Paychex Tackles Payroll Cash Flow Woes With Subscription Service
May 03, 2018  |  B2B Payments

Payroll service provider Paychex is introducing a new subscription service aimed at enabling small businesses to ensure payroll is completed on time without the risk...

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Bank Of England Consolidates Bacs, Faster Payments
Bank Of England Consolidates Bacs, Faster Payments
May 02, 2018  |  B2B Payments

Two U.K. payment systems have been merged into one by the Bank of England in an effort to boost competition in the financial services space,...

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More Banks See Value In Faster Payments And APIs, Finds ACI Worldwide
More Banks See Value In Faster Payments And APIs, Finds ACI Worldwide
May 01, 2018  |  B2B Payments

A new survey by ACI Worldwide and Ovum found evidence that financial institutions (FIs) are more willing to open up their data via API and...

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ACH Alert Addresses Real-Time Payments Fraud For Account Holders
ACH Alert Addresses Real-Time Payments Fraud For Account Holders
May 01, 2018  |  B2B Payments

ACH security service provider ACH Alert is introducing new services aimed at helping banks and other financial service providers address the threat of payments fraud...

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Framework Bows For US Faster Payments Council
Framework Bows For US Faster Payments Council
April 25, 2018  |  Faster Payments

The Governance Framework Formation Team (GFFT) said Tuesday that it has completed a draft framework to create a new U.S. Faster Payments Council (FPC), eight...

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Breaking Away From The Bi-Weekly Payroll Tradition
Breaking Away From The Bi-Weekly Payroll Tradition
April 24, 2018  |  B2B Payments

For decades, businesses have continued the tradition of monthly or bi-weekly paydays. Even as payments accelerate, as FinTech advances and as cash flow management solutions...

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SwapsTech Develops Real-Time Payments Link For Banks
SwapsTech Develops Real-Time Payments Link For Banks
April 20, 2018  |  B2B Payments

SwapsTech has completed the development of its faster payments solution to help financial institutions link into real-time payment capabilities. The company announced news on Thursday (April...

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Centtrip Launches Real-Time Payments Service For Multinational Firms
Centtrip Launches Real-Time Payments Service For Multinational Firms
April 19, 2018  |  B2B Payments

Multi-currency account provider Centtrip is introducing a way for corporates to make and receive faster cross-border payments. The U.K.-based company, which provides global payments, foreign...

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Instant Payments As The Rule, Not Exception For Gig Workers
Instant Payments As The Rule, Not Exception For Gig Workers
April 18, 2018  |  Gig Economy

Fast work, so … instant payments? On the heels of an announcement from FinTech firm Wirecard and gig economy startup Moonrise that the two companies...

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