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

58% of Freelance and Contract Workers Would Pay to Get Paid Faster
58% of Freelance and Contract Workers Would Pay to Get Paid Faster
May 01, 2024  |  Disbursements

Nearly three-quarters of consumers want their disbursements paid to them instantly, but only one-third actually receive them instantly. Whether they are getting earnings, income payments,...

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Google Transitioning Fitbit Pay to Google Wallet in Most Countries
Google Transitioning Fitbit Pay to Google Wallet in Most Countries
April 30, 2024  |  Payment Methods

Google is transitioning its Fitbit Pay contactless payments to Google Wallet in most countries. “Google Wallet is now available for all Fitbit devices that support contactless payments,” a message on the Fitbit Pay web...

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Fiserv Debuts Communication Tools to Boost On-Time Payments
Fiserv Debuts Communication Tools to Boost On-Time Payments
April 30, 2024  |  B2B Payments

Payments technology firm Fiserv is offering billers new communications tools to get paid faster. The new capabilities, announced Tuesday (April 30), let billers incorporate call-to-action notifications and alerts...

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Airwallex and BILL Partner to Enable Faster International Payments
Airwallex and BILL Partner to Enable Faster International Payments
April 30, 2024  |  Partnerships

Airwallex and BILL partnered to help BILL customers make faster international payments. With this collaboration, BILL’s financial operations platform for small– to medium-sized businesses (SMBs) will add the local...

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81% of Small Businesses Get Paid via Ad Hoc Payments
81% of Small Businesses Get Paid via Ad Hoc Payments
April 30, 2024  |  SMBs

Eight in 10 small- to medium-sized businesses (SMBs) get paid via ad hoc payments for the goods and services they provide to larger organizations. The...

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Real-Time Rental Payments Provide Alternative to Outdated Systems
Real-Time Rental Payments Provide Alternative to Outdated Systems
April 30, 2024  |  Money Mobility

More than 34% of Americans rent their homes, representing billions of dollars in monthly rental payments to landlords and property managers. Despite this large sum,...

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Stripe to Launch Support for Global Stablecoin Payments This Summer
Stripe to Launch Support for Global Stablecoin Payments This Summer
April 25, 2024  |  Blockchain

Stripe is bringing back crypto payments after stopping them in 2018. John Collison, co-founder of Stripe, said in a Thursday (April 25) post on X (formerly Twitter):...

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EBANX Teams With Brazil’s FastSpring to Expand Pix Usage
EBANX Teams With Brazil’s FastSpring to Expand Pix Usage
April 25, 2024  |  Partnerships

FastSpring and EBANX have teamed to expand the usage of the Pix payment in Brazil. FastSpring, based in Brazil, powers payments for global Software-as-a-Service and software companies. EBANX...

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Razorpay and Airtel Payments Bank Partner on UPI Infrastructure
Razorpay and Airtel Payments Bank Partner on UPI Infrastructure
April 24, 2024  |  Partnerships

Razorpay has launched its own Unified Payments Interface (UPI) infrastructure in partnership with Airtel Payments Bank. The new infrastructure, UPI Switch, boost success rates by 4% to 5%; handles...

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