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

Early Warning Powers Top Banks’ Real-Time P2P Payments
Early Warning Powers Top Banks’ Real-Time P2P Payments
March 09, 2016  |  Faster Payments

The tech giants in the P2P payments space are about to get competition from six top U.S. banks. Early Warning, a real-time payments, authentication and risk...

READ MORE >
In-Field Payments For In-Field Suppliers
In-Field Payments For In-Field Suppliers
March 07, 2016  |  B2B Payments

Office-based businesses have their own challenges when it comes to digitizing procurement and finance procedures. But when that business depends on in-field operations — say, for...

READ MORE >
Early Warning Powers U.S. Bank’s Mobile P2P Payments
Early Warning Powers U.S. Bank’s Mobile P2P Payments
March 04, 2016  |  Faster Payments

U.S. Bank announced yesterday (March 3) that it is going live on Early Warning’s clearXchange network to bring its customers real-time P2P payments. What this...

READ MORE >
Who Benefits The Most From Faster Payments?
Who Benefits The Most From Faster Payments?
March 03, 2016  |  Faster Payments

With the shift to same-day and faster payments underway and millennials driving innovation, are there any potential losers with the change? In the third edition...

READ MORE >
Does Everyone Win With Faster Payments?
Does Everyone Win With Faster Payments?
March 02, 2016  |  Faster Payments

With the shift to same-day and faster payments underway and millennials driving innovation, are there any potential losers with the change? In the third edition...

READ MORE >
Fed Opens Portal For Faster Payments Tech Submissions
Fed Opens Portal For Faster Payments Tech Submissions
February 15, 2016  |  B2B Payments

The U.S. Federal Reserve is traveling along its roadmap to facilitate faster payments in the country. Earlier this month, the body released a progress report...

READ MORE >
Tackling Not Just Slow B2B Payments, But Wrong Payments
Tackling Not Just Slow B2B Payments, But Wrong Payments
February 05, 2016  |  B2B Payments

Faster payments are on everyone’s agenda in today’s hyperconnected, fast-paced market. In the U.K., one of the largest initiatives to move towards faster payments is...

READ MORE >