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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

Slowing Down Fraud When Payments Speed Up
Slowing Down Fraud When Payments Speed Up
August 24, 2017  |  Security & Fraud

There’s much to look forward to as the September rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but David Barnhardt, executive vice...

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ICBA Bancard CEO: Community Banks Move Faster Payments Forward
ICBA Bancard CEO: Community Banks Move Faster Payments Forward
August 14, 2017  |  Banking

Community banks have long been heralded as local leaders that create jobs and reinvest in their communities, but ICBA Bancard President and CEO Tina Giorgio...

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Pay By Sound: It’s Back!
Pay By Sound: It’s Back!
August 09, 2017  |  Payment Methods

Sound travels at 767 miles per hour, so if you want a faster contactless payment, audio waves aren’t a bad vehicle for it. But harnessing...

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Icon Solutions Takes Next Step In Linking US Banks To Faster Payments
Icon Solutions Takes Next Step In Linking US Banks To Faster Payments
August 07, 2017  |  B2B Payments

Icon Solutions announced news last week it had begun testing connectivity between its Instant Payments Framework (IPF) and U.S.-based limited liability company The Clearing House’s new...

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A Brave New World Of (Push) Insurance Payments
A Brave New World Of (Push) Insurance Payments
August 07, 2017  |  Payment Methods

Push payments have been one of the more talked-about terms in the marketplace over the last year, with many industries and companies taking the leap...

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Uber Freight Expands Into New Markets, Launches Personalized Load Matching
Uber Freight Expands Into New Markets, Launches Personalized Load Matching
August 04, 2017  |  Delivery

Uber Freight announced news of two updates to its services, expanding its focus into new markets across the country and introducing personalized load matching. The...

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Why Community Banks Can’t Afford To ‘Wait and See’ About Faster Payment Innovations
Why Community Banks Can’t Afford To ‘Wait and See’ About Faster Payment Innovations
August 04, 2017  |  Faster Payments

Previous stereotypes be damned, recent research pegs Millennials as entrepreneurial, with almost half the generation planning to start businesses within the next three years. For...

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Slowing Down Faster Payments Fraud
Slowing Down Faster Payments Fraud
August 03, 2017  |  Security & Fraud

Fraudsters are good at what they do. Payments got faster, but so did criminals. Banks built more defenses, and bad guys jumped over them with...

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NEW REPORT: The Community Banks’ Faster Payments Wake-Up Call
NEW REPORT: The Community Banks’ Faster Payments Wake-Up Call
August 03, 2017  |  Faster Payments

The faster payments get, the less tolerable waiting becomes for customers, businesses and other financial players. But in late July, one of the biggest waits...

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