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

APIs Promise to Make Instant Payment Systems Interoperable
APIs Promise to Make Instant Payment Systems Interoperable
February 08, 2024  |  Faster Payments

Cory Barnes, senior product manager at Form3, told PYMNTS that instant payments can reach their full potential only when far-flung systems are truly in sync...

READ MORE >
Cross River and Aeropay Enable Instant Payouts via Gaming Operators
Cross River and Aeropay Enable Instant Payouts via Gaming Operators
February 07, 2024  |  Disbursements

Cross River Bank and Aeropay partnered to enable instant payouts in the gaming industry. Together, Cross River Bank, a provider of embedded financial solutions, and...

READ MORE >
Can Real-Time Payments Play in Australia — or Are Payments Already Fast Enough?
Can Real-Time Payments Play in Australia — or Are Payments Already Fast Enough?
February 07, 2024  |  Faster Payments

As companies increasingly set their sights on international markets, the need for a comprehensive understanding of the principles guiding global expansion is becoming increasingly essential....

READ MORE >
Connected Economy’s Evolution Is Hindered by ‘Balkanization’ of Payment Providers, Says Thredd’s McCarthy
Connected Economy’s Evolution Is Hindered by ‘Balkanization’ of Payment Providers, Says Thredd’s McCarthy
February 07, 2024  |  Connected Economy

There’s been no shortage of ideas and attempts by businesses to make payments a part of their strategic roadmap, Jim McCarthy, CEO of Thredd, told PYMNTS’ Karen...

READ MORE >
Papaya to Showcase Workforce Payments Platform in Super Bowl Commercial
Papaya to Showcase Workforce Payments Platform in Super Bowl Commercial
February 06, 2024  |  Cross-border Payments

Papaya Global will use a Super Bowl commercial to showcase the launch of its artificial intelligence (AI)-powered platform for executing worker payments. The new workforce payments platform provides...

READ MORE >
Fiserv’s Clover Logs 30% Revenue Growth, Zelle Transactions Surge 44%
Fiserv’s Clover Logs 30% Revenue Growth, Zelle Transactions Surge 44%
February 06, 2024  |  Earnings

Fiserv’s most recent results show momentum as smaller businesses and financial institutions (FIs) alike invest in upgrading their digital and mobile capabilities and payments acceptance....

READ MORE >
Plaid Says Pay by Bank Is Nearing a Tipping Point as Consumers Form New ‘Habits’
Plaid Says Pay by Bank Is Nearing a Tipping Point as Consumers Form New ‘Habits’
February 06, 2024  |  Payment Methods

Rahul Hampole, head of payments at Plaid, said pay by bank is gearing up for widespread adoption — but much depends on use cases that are...

READ MORE >
AtoB CEO: Push-to-Card Payouts Become Banking Platform for Independent Truckers
AtoB CEO: Push-to-Card Payouts Become Banking Platform for Independent Truckers
February 05, 2024  |  Faster Payments

AtoB CEO Vignan Velivela told Karen Webster that slow payments represent a “silent tax” on fleet management in general, and on the truckers behind the...

READ MORE >
70% of Consumers Opt for Instant Merchant Refunds If Given the Choice
70% of Consumers Opt for Instant Merchant Refunds If Given the Choice
February 05, 2024  |  Disbursements

For most American consumers, disbursements — which include earnings and income payments, Social Security payments, tax refunds, insurance claim payouts and loan disbursements — remain...

READ MORE >