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

NEW INSIGHT: How The Fed Is Clearing A Path For Faster Payments
NEW INSIGHT: How The Fed Is Clearing A Path For Faster Payments
December 07, 2017  |  Faster Payments

The United States hasn’t had a new payment system for 40 years – until now. And, now that the U.S. has had a taste of...

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In B2B Payments, Speed Is Only Part Of The Package
In B2B Payments, Speed Is Only Part Of The Package
December 06, 2017  |  B2B Payments

As the financial services industry takes a look back at 2017, a few milestones stand out: the progress of faster and instant payment initiatives. The...

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PNC Goes Live On The Clearing House’s Real-Time Payments Network
PNC Goes Live On The Clearing House’s Real-Time Payments Network
December 06, 2017  |  B2B Payments

PNC announced it is now live on The Clearing House’s real-time payments network RTP, according to a press release published on Tuesday (Dec. 5). The...

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Fiserv: Payments Must Be As Fast As ‘Speed-Of-Life’
Fiserv: Payments Must Be As Fast As ‘Speed-Of-Life’
December 05, 2017  |  Payment Methods

The digital economy is here. People are participating in it every day with direct deposits, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms...

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Airwallex Inks Partnership To Expand X-Border Payments Service To Europe
Airwallex Inks Partnership To Expand X-Border Payments Service To Europe
December 04, 2017  |  B2B Payments

International payments startup Airwallex is taking steps to link its corporate customers to the U.K.’s Faster Payments scheme. In an announcement on Friday (Dec. 1), the...

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NACHA Picks Bottomline As B2B Payments Partner
NACHA Picks Bottomline As B2B Payments Partner
November 30, 2017  |  B2B Payments

NACHA has revealed news that B2B payments company Bottomline Technologies is its newest partner. In an announcement made Wednesday (Nov. 29), NACHA said Bottomline Technologies...

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When It Comes To Corporates, Faster Payments Aren’t Always About Speed
When It Comes To Corporates, Faster Payments Aren’t Always About Speed
November 17, 2017  |  B2B Payments

Corporates aren’t that interested in real-time payments. At least, that’s according to a report from the EuroFinance Corporate Treasury Network published last month, which found...

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Modulr Integrates With Faster Payments, Accelerates B2B Transactions
Modulr Integrates With Faster Payments, Accelerates B2B Transactions
November 16, 2017  |  B2B Payments

Modulr, a U.K. company that operates an API-driven payments platform for corporate payments, announced news on Wednesday (Nov. 15) that it has integrated with the nation’s...

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Faster Payments And The Fed, Two Years On
Faster Payments And The Fed, Two Years On
November 15, 2017  |  Faster Payments

The year 2020 looms large in the payments realm, marked off by the Federal Reserve as the year faster payments are to be truly commonplace,...

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