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

IBM Makes The Real-Time Payments Move
IBM Makes The Real-Time Payments Move
September 27, 2016  |  Faster Payments

On Monday (Sept. 26), the tech giant launched new offerings to help commercial banks support real-time payments for its customers. With new immediate payment schemes...

READ MORE >
PayCommerce Bank Consortium Targets Instant Global Settlement
PayCommerce Bank Consortium Targets Instant Global Settlement
September 27, 2016  |  B2B Payments

FinTech firm PayCommerce announced the rollout of its international payment, clearing and settlement program, offering financial institutions instant settlement even for cross-border payments. An announcement on...

READ MORE >
Beyond The Need For Payments Speed
Beyond The Need For Payments Speed
September 26, 2016  |  PYMNTS Topic TBD

As a concept, faster payments makes headlines. But in practice, can faster payments change the way consumers and banks interact with one another? In the...

READ MORE >
Forty Is The New Faster (Payments)
Forty Is The New Faster (Payments)
September 23, 2016  |  Faster Payments

Today (Sept. 23) is the official rollout of Phase I in NACHA’s faster payments initiative for ACH. In an interview with PYMNTS’ Karen Webster, NACHA President...

READ MORE >
The Clearing House Taps IBM For Real-Time Payments
The Clearing House Taps IBM For Real-Time Payments
September 22, 2016  |  B2B Payments

New details have emerged about The Clearing House’s (TCH) real-time payments rollout, planned to hit the U.S. next year. Reports on Wednesday (Sept. 21) said...

READ MORE >
Breaking Down The Faster Payments Construct
Breaking Down The Faster Payments Construct
September 21, 2016  |  Faster Payments

The term “faster payments” brings many things to mind — Same Day ACH, real-time payments and even blockchain. But do all these initiatives serve the...

READ MORE >
Blockchain Firm Claims Near-Instant X-Border Payments
Blockchain Firm Claims Near-Instant X-Border Payments
September 15, 2016  |  B2B Payments

With the payments sphere accelerating towards real-time transactions, FinTech players of all types are exploring how they can be some of the first to make...

READ MORE >
Ready Or Not (Corporates), Here Comes Same Day ACH!
Ready Or Not (Corporates), Here Comes Same Day ACH!
September 13, 2016  |  Faster Payments

The payments industry may be more than ready for the long-awaited launch of Same Day ACH, but can the same be said for businesses and...

READ MORE >
Will Same Day ACH Rollout Spark A Fraud Spike?
Will Same Day ACH Rollout Spark A Fraud Spike?
September 09, 2016  |  Faster Payments

When the U.K. introduced Faster Payments, there was an increase in fraud attacks. With the U.S. Same Day ACH rollout just two weeks away and...

READ MORE >