PYMNTS-MonitorEdge-May-2024

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

ACI Streamlines Banks’ Path To Real-Time Payments
ACI Streamlines Banks’ Path To Real-Time Payments
October 11, 2017  |  B2B Payments

ACI Worldwide has unleashed its real-time payment solution for financial institutions (FIs). The company announced news on Tuesday (Oct. 10) that its UP Real-Time Payments Solution...

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Why Treasurers Aren’t Into Real-Time Payments
Why Treasurers Aren’t Into Real-Time Payments
October 05, 2017  |  B2B Payments

The hype over real-time payments is strong among consumers, but for corporates, enthusiasm is a bit more muted. A survey from TD Bank released last...

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Inside Visa And Vantiv’s Plan To Pay SMBs Faster
Inside Visa And Vantiv’s Plan To Pay SMBs Faster
September 22, 2017  |  Faster Payments

While debit cards have been accessible to small- and medium-sized businesses (SMBs) with business checking accounts, they’re not among the most heavily leveraged tools in...

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Key Innovations Boosting Corporate Banking Revenues
Key Innovations Boosting Corporate Banking Revenues
September 19, 2017  |  B2B Payments

While non-bank financial institutions (FIs) and FinTechs may be keeping traditional banks on their toes, banks still have the largest piece of the corporate banking...

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Today In Data: Same Day ACH
Today In Data: Same Day ACH
September 15, 2017  |  Today In Data

In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms...

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Fed Looks To Keep Momentum Going On Payments Improvements
Fed Looks To Keep Momentum Going On Payments Improvements
September 07, 2017  |  B2B Payments

It’s been more than two years since the Federal Reserve issued its Strategies for Improving  the U.S. Payment System paper, in which the Fed outlined initiatives...

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NEW REPORT: Same Day ACH Gets Its First Sequel
NEW REPORT: Same Day ACH Gets Its First Sequel
September 06, 2017  |  Faster Payments

In mid-September, the second phase of the Same Day ACH initiative will roll out across the U.S. faster payments system. But unlike last year’s rollout,...

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Staffing Changes And New Initiatives Announced At NACHA
Staffing Changes And New Initiatives Announced At NACHA
September 04, 2017  |  Merchant Innovation

NACHA, the Electronic Payments Association, announced Friday several staffing changes along with realignment of some responsibilities – efforts the overseer of the ACH network said...

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Federal Reserve Names New Payments Strategy Director
Federal Reserve Names New Payments Strategy Director
August 25, 2017  |  B2B Payments

The U.S. Federal Reserve has named a new payments strategy director tasked with heading the agency’s payment system improvement initiatives. The Fed first announced Dave Sapenaro as the...

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