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

NexPay Teams With Flagright for Faster Student Payment Processing
NexPay Teams With Flagright for Faster Student Payment Processing
December 21, 2023  |  Partnerships

Student payment FinTech NexPay partnered with Flagright to improve its real-time payment processing capabilities. Australia-based NexPay lets study abroad students pay in local currencies, with...

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Interoperability Will Be Instant Payments Catalyst
Interoperability Will Be Instant Payments Catalyst
December 21, 2023  |  Faster Payments

In today’s world, convenience and efficiency are more highly valued than ever. Therefore, it would seem that instant payments, or the ability to transfer money...

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Trust, Choice and Scalability Can Unlock Instant Payments Growth
Trust, Choice and Scalability Can Unlock Instant Payments Growth
December 21, 2023  |  Faster Payments

We have come a long way since the U.S. Mint issued the first dollar coins. And while the evolution of money didn’t happen in an...

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Why 2024 Will Be ‘Tipping Point’ for Instant Payments
Why 2024 Will Be ‘Tipping Point’ for Instant Payments
December 21, 2023  |  Real-Time Payments

Consumers want instant payments, and businesses are finally gearing up to deliver them. As Ingo Money CEO Drew Edwards told Karen Webster, 2024 can be...

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Plaid Says Consumers Ready for Real-Time Payments Change
Plaid Says Consumers Ready for Real-Time Payments Change
December 21, 2023  |  Faster Payments

Mollie Curran, payments lead at Plaid, said a sea change is ahead for instant payments and for widespread adoption across a range of use cases....

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Onbe and CardCash Partner to Offer Instant Virtual Cards
Onbe and CardCash Partner to Offer Instant Virtual Cards
December 20, 2023  |  Partnerships

Onbe and CardCash partnered to enable consumers to exchange their unwanted gift cards for instant virtual cards. With instant payouts on virtual Mastercard cards, consumers...

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Why Instant Payments Will Go Viral With Each New ‘Aha’ Moment
Why Instant Payments Will Go Viral With Each New ‘Aha’ Moment
December 20, 2023  |  Faster Payments

Jon Budd, CEO of Juniper Payments, a PSCU company, said instant payments, over the long term, will see a blossoming of use cases and demand...

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Visa: Orchestration Layers and Aliases Pave the Way for Instant Payments Ubiquity
Visa: Orchestration Layers and Aliases Pave the Way for Instant Payments Ubiquity
December 20, 2023  |  Faster Payments

Ruben Salazar, senior vice president and global head of Visa Direct, told Karen Webster that the transition from traditional, ACH transactions toward faster payments is...

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Education and Regulation Define Real-Time Payments’ Inflection Point
Education and Regulation Define Real-Time Payments’ Inflection Point
December 20, 2023  |  Faster Payments

Instant payments have been available across the payments landscape for years. But what will it take for it to scale enough and successfully challenge the...

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