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

PYMNTS Daily Data Dive: Same Day ACH
PYMNTS Daily Data Dive: Same Day ACH
January 26, 2017  |  Daily Data Dive

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23...

READ MORE >
Why B2B Payments Can’t Shake Its Anti-Innovation Notoriety
Why B2B Payments Can’t Shake Its Anti-Innovation Notoriety
January 26, 2017  |  B2B Payments

B2B payments have a reputation for being slow to innovate, though the last couple years has challenged that notoriety. Faster payments initiatives, blockchain and other...

READ MORE >
NACHA Releases Same Day ACH Stats
NACHA Releases Same Day ACH Stats
January 25, 2017  |  Faster Payments

The results are in. The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH...

READ MORE >
EBA Clearing Testing Real-Time Payments Tool
EBA Clearing Testing Real-Time Payments Tool
January 20, 2017  |  B2B Payments

EBA Clearing, set to launch its real-time payment service across Europe later this year, has officially commenced the testing phase of its technology. The firm said...

READ MORE >
Seeking A Better Way To Test The Newest Payments Tech
Seeking A Better Way To Test The Newest Payments Tech
January 17, 2017  |  B2B Payments

Alongside the expansion of payments technologies, payment testing service providers have had to grow and flex to meet market needs. Companies like Paragon Application Systems,...

READ MORE >
UK Faster Payments Scheme Eases Access For Developers
UK Faster Payments Scheme Eases Access For Developers
January 17, 2017  |  B2B Payments

The U.K.’s Faster Payments scheme is a critical component of the nation’s push towards real-time payments. The scheme offers real-time credits for payments made online,...

READ MORE >
Speed, Transparency Surface As Top Payments Priorities
Speed, Transparency Surface As Top Payments Priorities
January 13, 2017  |  B2B Payments

There are two accelerators driving payments innovation today: transparency and speed. Consequently, these two factors are also top-of-mind for today’s corporate treasurers when it comes...

READ MORE >
Can Faster Payments Get Banks To Take A Walk On The Wild Side?
Can Faster Payments Get Banks To Take A Walk On The Wild Side?
January 12, 2017  |  Faster Payments

Who’s afraid of faster payments? Banks for starters. While the idea of delivering payments between parties at a considerably faster rate might sound appealing to...

READ MORE >
EU Sets Goal Of Half-Cent Cross-Border Transactions
EU Sets Goal Of Half-Cent Cross-Border Transactions
January 11, 2017  |  B2B Payments

The European Central Bank (ECB) is moving closer towards its goal to streamline payments across EU Member States and to make those transactions far cheaper....

READ MORE >