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

WEX Sees Embedded Experiences Impacting Supply Chains
WEX Sees Embedded Experiences Impacting Supply Chains
October 23, 2024  |  B2B Payments

When it comes to payments, innovation is the name of the game, and “embedded” is the prefix in most of the names being bandied about....

READ MORE >
Keeping the Sale: The Power of Seamless Payment Choices at Checkout
Keeping the Sale: The Power of Seamless Payment Choices at Checkout
October 23, 2024  |  Faster Payments

The last thing that a merchant wants is to see a consumer or business customer go through the process of identifying the product or service...

READ MORE >
Mastercard ‘Moves’ Into Commercial Cross-Border Payment Solution for Banks
Mastercard ‘Moves’ Into Commercial Cross-Border Payment Solution for Banks
October 21, 2024  |  Cross-border Payments

Mastercard introduced a new solution that will enable banks to facilitate commercial cross-border payments that are near real-time, predictable and transparent. The new Mastercard Move...

READ MORE >
Truist Debuts Electronic Bill Pay for Wholesale Payments Clients
Truist Debuts Electronic Bill Pay for Wholesale Payments Clients
October 18, 2024  |  Digital Payments

Truist debuted a billing payment solution for its wholesale payments clients. The bank’s Electronic Bill Presentment and Payment platform is designed to modernize payment management...

READ MORE >
Instant B2B Payment Solutions Find Traction in Emerging Markets
Instant B2B Payment Solutions Find Traction in Emerging Markets
October 18, 2024  |  B2B Payments

Change rarely occurs in isolation. With more businesses in emerging economies going digital with their purchases, pressure is building to modernize the payment process as...

READ MORE >
Nacha: Same Day ACH Volume Leaps 65.7% in Q3
Nacha: Same Day ACH Volume Leaps 65.7% in Q3
October 17, 2024  |  Faster Payments

Same Day ACH volume on the ACH Network leapt 65.7% in the third quarter compared to a year earlier, while the value of those payments...

READ MORE >
HoneyBook Launches Expanded Suite of Financial Tools for Independent Businesses
HoneyBook Launches Expanded Suite of Financial Tools for Independent Businesses
October 16, 2024  |  SMBs

HoneyBook launched an expanded suite of financial tools that can be integrated into its client relationship management (CRM) platform for independent businesses. The new HoneyBook...

READ MORE >
Buyers’ Market, Sellers’ Strategy: Business Payments Networks Tackle Age-Old B2B Dilemma
Buyers’ Market, Sellers’ Strategy: Business Payments Networks Tackle Age-Old B2B Dilemma
October 16, 2024  |  B2B Payments

The bench of B2B payment mechanisms is becoming deeper. From technologies like virtual cards and tokenization, real-time payments and beyond, businesses have a wide array...

READ MORE >
Amex: Delayed B2B Payments Can Redefine Supplier Relationships
Amex: Delayed B2B Payments Can Redefine Supplier Relationships
October 16, 2024  |  B2B Payments

Businesses should focus on growth, not payments. However, that’s not to say that payments aren’t one of the most integral elements in business growth. “Consumers...

READ MORE >