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

When Cross-Border Payment Pain Leaves Both Sides Hurting
When Cross-Border Payment Pain Leaves Both Sides Hurting
July 20, 2016  |  Cross Border Commerce

There’s a global phenomenon afoot that takes the notion of cross-border payments to a new level – the high value-low frequency transactions made by a...

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For SMEs, It’s A Small World After All
For SMEs, It’s A Small World After All
July 19, 2016  |  B2B Payments

The U.K. referendum was a massive wakeup call to markets everywhere: The world economy truly is an interconnected web, and what happens at Point A...

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Helping Bring Equal Access To Faster Payments
Helping Bring Equal Access To Faster Payments
July 07, 2016  |  Faster Payments

It’s happening. With the launch of Same Day ACH Phase 1 now just a little more than two months away, banks are getting ready for...

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Same Day’s September 23rd Game Day
Same Day’s September 23rd Game Day
July 06, 2016  |  Faster Payments

It’s happening. With the launch of Same Day ACH Phase 1 now just a little more than two months away, banks are getting ready for...

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Deloitte Constructing Global 5-Second Payments Portal
Deloitte Constructing Global 5-Second Payments Portal
July 05, 2016  |  B2B Payments

Deloitte has announced plans to construct a cross-border payments platform and will work with developers at Stellar to make it a reality. Reports late last...

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Payments’ Innovation Half-Year Progress Report
Payments’ Innovation Half-Year Progress Report
June 20, 2016  |  Mobile Payments

At the start of the year, I wrote a piece that outlined six trends that I suggested would set the agenda for payments innovation and...

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A Security Lapse Is Just A Bump In The Road To Faster, Better B2B Payments
A Security Lapse Is Just A Bump In The Road To Faster, Better B2B Payments
June 16, 2016  |  B2B Payments

The interbank messaging firm SWIFT has had a rough few months. Cyberattackers were able to steal $81 million from the Bangladesh central bank by compromising the...

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