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

Looking to Capture the Real-Time Opportunity in B2B Payments? You’re Not Alone
Looking to Capture the Real-Time Opportunity in B2B Payments? You’re Not Alone
January 15, 2024  |  B2B Payments

The thing about traditional B2B payment methods is that they tend to be rather … traditional. That includes paper checks, which remain tied to 40% of...

READ MORE >
Nearly 25% of B2B Real Estate Payments Are Made via Cash or Check
Nearly 25% of B2B Real Estate Payments Are Made via Cash or Check
January 15, 2024  |  B2B Payments

Despite the entrenchment of automated clearing house transfers as the preferred payment method for real estate companies and the advancement of real-time payments observed in...

READ MORE >
 2024: The Year for Pay-by-Bank
 2024: The Year for Pay-by-Bank
January 12, 2024  |  Opinion

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that...

READ MORE >
Treasurers Look to Their Bankers to Co-Create Embedded Payments Solutions
Treasurers Look to Their Bankers to Co-Create Embedded Payments Solutions
January 12, 2024  |  Payment Methods

Debopama Sen, head of payments, Citi Services, and Biswarup Chatterjee, head of partnerships and innovation, Citi Services, told Karen Webster that when it comes to...

READ MORE >
Buyer-Supplier Relationships Are Being Reshaped in a Crucible of Convenience
Buyer-Supplier Relationships Are Being Reshaped in a Crucible of Convenience
January 11, 2024  |  B2B Payments

Change can happen slowly, and then suddenly all at once.  And the B2B payments space is increasingly moving away from the incremental drip of change...

READ MORE >
2024: A Pivotal Shift for Instant Payments
2024: A Pivotal Shift for Instant Payments
January 10, 2024  |  Opinion

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that...

READ MORE >
Instant Payments Speed Need for Fraud Prevention
Instant Payments Speed Need for Fraud Prevention
January 08, 2024  |  Opinion

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that...

READ MORE >
Beyond Faster Transfers: How Payment Modernization Shapes Customer Experiences
Beyond Faster Transfers: How Payment Modernization Shapes Customer Experiences
January 08, 2024  |  Payment Methods

The payments ecosystem remains a highly fragmented one as we enter the new year. On the one side, specialized platforms serve different use cases; on...

READ MORE >
Payments Experts: G20 Faster Payments Goals Could Foster Financial Crime
Payments Experts: G20 Faster Payments Goals Could Foster Financial Crime
January 07, 2024  |  Faster Payments

Will the G20’s campaign for faster payments have unintended negative consequences? A new report by the U.K.’s Future of Financial Intelligence Sharing (FFIS) said plans to make...

READ MORE >