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

UK Wants More Competition In Payments Infrastructure
UK Wants More Competition In Payments Infrastructure
December 23, 2016  |  B2B Payments

VocaLink isn’t facing enough competition in its role of providing the underlying infrastructure of key payment systems like Bacs, according to the U.K. Payment Systems...

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Regulations Keeping SMEs On Their Toes In 2017, Says Paychex
Regulations Keeping SMEs On Their Toes In 2017, Says Paychex
December 22, 2016  |  B2B Payments

SMEs in the U.S. are eyeing incoming regulations likely to impact their businesses, and small business payroll and HR firm Paychex has identified the legislation...

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ArcaPay Eyes B2B Payments Speed With Rebrand
ArcaPay Eyes B2B Payments Speed With Rebrand
December 20, 2016  |  B2B Payments

U.K. fintech company MB Transfers, which enables cross-border B2B payments, is going by a new name: ArcaPay. It’s part of the company’s effort to refocus on...

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ACI Aggregator Services Expediate Fast Payments
ACI Aggregator Services Expediate Fast Payments
December 08, 2016  |  Faster Payments

The Faster Payments scheme in the U.K. has changed the way payment service providers are approaching the immediate availability of funds. While the New Access...

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Faster Payments Finds Its Future
Faster Payments Finds Its Future
December 08, 2016  |  Faster Payments

Faster Payments are finally live in the U.S. with Same Day ACH, but that’s just the start. For the latest Faster Payments Tracker™, PYMNTS spoke...

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Faster Payments Tracker: US Finds Its Faster Payments Future
Faster Payments Tracker: US Finds Its Faster Payments Future
December 07, 2016  |  Faster Payments

Faster Payments are finally live in the U.S. with Same Day ACH, but that’s just the start. For the latest Faster Payments Tracker™, PYMNTS spoke...

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DHgate.com Promises 6-Second B2B Transactions
DHgate.com Promises 6-Second B2B Transactions
December 05, 2016  |  B2B Payments

Chinese B2B eCommerce platform DHgate.com is upgrading its payments infrastructure to promote faster payments for businesses transacting on the site. Reports Friday (Dec. 2) said...

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Top Treasury Players Break Down The FinTech Disruption
Top Treasury Players Break Down The FinTech Disruption
November 30, 2016  |  B2B Payments

Some of the top names in corporate banking and finance are teaming up to help treasurers make their way into the future. The shape of...

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Small Banks Essential To Faster Payments Ubiquity
Small Banks Essential To Faster Payments Ubiquity
November 28, 2016  |  B2B Payments

The U.K. was one of the first markets to truly push for faster payments with the launch of the Faster Payments Service, an initiative spearheaded...

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