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

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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VocaLink Proposes New Payments System To Ease SME Cash Flow
VocaLink Proposes New Payments System To Ease SME Cash Flow
June 15, 2016  |  B2B Payments

Industry analysts agree that late B2B payments threaten the survival of small and medium-size enterprises. Often operating within thin margins, sometimes without easy access to...

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Putting Banks On The Fast Track Toward Faster Payments
Putting Banks On The Fast Track Toward Faster Payments
June 09, 2016  |  Faster Payments

When regulators talk, the payments ecosystem listens. PYMNTS caught up with Kathleen Oldenborg, the OCC’s Director for Payment Systems Policy, to get her take on...

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A Regulator’s View Of Faster Payments
A Regulator’s View Of Faster Payments
June 08, 2016  |  Faster Payments

When regulators talk, the payments ecosystem listens. PYMNTS caught up with Kathleen Oldenborg, the OCC’s Director for Payment Systems Policy, to get her take on...

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Mobile Outweighs Speed In Treasurers’ Payments Priorities
Mobile Outweighs Speed In Treasurers’ Payments Priorities
June 08, 2016  |  B2B Payments

PYMNTS has seen a pattern, at least anecdotally, when it comes to faster payments initiatives and corporates: Executives would rather have secure payments than faster...

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FIS Report Gauges Appetite For Real-Time Payments
FIS Report Gauges Appetite For Real-Time Payments
June 08, 2016  |  B2B Payments

Each year, for the past three years, financial services firm FIS publishes its Flavors of Fast report, an examination of various faster payments initiatives. On...

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