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

What Faster Payments Mean For Payday
What Faster Payments Mean For Payday
August 24, 2016  |  B2B Payments

From Same Day ACH to paycard controversies, a few recent news stories have placed payroll in center stage. At the heart of the discussion is...

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Lifting The Veil On Virtual Cards’ Shortcomings
Lifting The Veil On Virtual Cards’ Shortcomings
August 17, 2016  |  B2B Payments

Here’s a dirty little secret about the B2B payments industry that Finexio CEO Ernest Rolfson told PYMNTS: Virtual cards are a letdown. Virtual payments are supposed...

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Compass Plus Gets Aggregator Accreditation For Faster Payments In UK
Compass Plus Gets Aggregator Accreditation For Faster Payments In UK
August 16, 2016  |  Faster Payments

Compass Plus, the electronic payments software company, announced on Monday (Aug. 15) that it has been certified as one of only five companies to gain...

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Banking On A Smooth Same Day ACH Rollout?
Banking On A Smooth Same Day ACH Rollout?
August 04, 2016  |  News

And now it’s here … almost. In just a few weeks, Phase 1 of Same Day ACH service goes live. What does this step toward...

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VP Of The ABA Shares Same Day ACH Perspective
VP Of The ABA Shares Same Day ACH Perspective
August 03, 2016  |  Faster Payments

And now it’s here … almost. In just a few weeks, Phase 1 of Same Day ACH service goes live. What does this step toward...

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The Logistics Of Fleet Payments
The Logistics Of Fleet Payments
August 02, 2016  |  B2B Payments

It’s not by chance that the term “logistical nightmare” has entered the corporate lexicon — it can be a massively challenging area of business. Logistics demands...

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Embracing An ISO 20022 Roadmap
Embracing An ISO 20022 Roadmap
July 25, 2016  |  B2B Payments

Dialogue continues among stakeholders in adopting an ISO framework, especially in cross-border B2B payments, and key considerations center on an incremental or more comprehensive approach...

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Mastercard On Why VocaLink – And Why Now
Mastercard On Why VocaLink – And Why Now
July 22, 2016  |  Acquiring

Since the announcement yesterday of Mastercard’s $920 million acquisition of VocaLink all eyes have been on the U.K. scale opportunity. But Michael Miebach, Mastercard’s Chief...

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