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

Research Brings Little Hope For Faster B2B Payments In Construction
Research Brings Little Hope For Faster B2B Payments In Construction
November 14, 2017  |  B2B Payments

No industry is immune to the problem of late invoice payments, which has become a particular challenge for companies in the U.K. market. Recent research...

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Real-Time Payments Successfully Gets Through Its First Test Drive
Real-Time Payments Successfully Gets Through Its First Test Drive
November 14, 2017  |  Faster Payments

The U.S.’ first new payment and clearing system in more than 40 years is up and running. At 4:59:40 p.m. on Monday (Nov. 13), $3.50 was...

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New Report: Who’s Using Same-Day ACH And Why?
New Report: Who’s Using Same-Day ACH And Why?
November 09, 2017  |  Faster Payments

Fourteen months since the Phase 1 roll out, 43 percent of financial institutions (FIs) now allow businesses to originate same-day ACH credit. However, 25 percent...

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B2B Not A Vital Part Of Real-Time Payments Innovation, Yet
B2B Not A Vital Part Of Real-Time Payments Innovation, Yet
November 08, 2017  |  B2B Payments

Faster payments schemes across the globe are placing new definitions on what it means to be fast, especially as more initiatives heard towards real-time transacting....

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Putting FIs Through Cybersecurity Drills To Prepare For The Next Big One
Putting FIs Through Cybersecurity Drills To Prepare For The Next Big One
November 06, 2017  |  Faster Payments

Recent cyberattacks and breaches raise an important question for U.S. companies and FIs: How to prepare for the inevitable next one? In this month’s PYMNTS...

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TRENDING: Putting IT Professionals Through Cyberattack Boot Camp
TRENDING: Putting IT Professionals Through Cyberattack Boot Camp
November 03, 2017  |  Faster Payments

The recent Equifax data breach and a string of ransomware attacks in Europe have raised several questions around cybersecurity. And, arguably, one of the most...

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Sluggish Payments Hold Back Gig Economy
Sluggish Payments Hold Back Gig Economy
November 02, 2017  |  Gig Economy

Freelance work isn’t free — no matter what some clients may wish. When multiple bills come in or cash falls short, clients can be quick...

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Intuit Targets Faster SMB Payments With QuickBooks Update
Intuit Targets Faster SMB Payments With QuickBooks Update
October 26, 2017  |  B2B Payments

Intuit is adding a new service for its small business (SMB) users of accounting solution QuickBooks. The company announced news on Wednesday (Oct. 25) that it...

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Embracing The Cloud With FIs’ Corporate Clientele On The Line
Embracing The Cloud With FIs’ Corporate Clientele On The Line
October 18, 2017  |  B2B Payments

Banks have always turned to third-party FinTechs to integrate add-on services for their customers. As interest in corporate financial services heats up, financial institutions (FIs)...

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