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

B2B Payments Need ‘Foundational Infrastructure Layer’ as Faster Account-to-Account Beckons
B2B Payments Need ‘Foundational Infrastructure Layer’ as Faster Account-to-Account Beckons
November 14, 2023  |  B2B Payments

The business payments landscape was stable for decades, Form3 CEO Mike Walters told Karen Webster. Regular ACH payments were the norm, and any pain points...

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Push-to-Debit Paves Road to Better B2B Payments for Trucking and Logistics
Push-to-Debit Paves Road to Better B2B Payments for Trucking and Logistics
November 14, 2023  |  B2B Payments

Robin Gregg, CEO of RoadSync, told PYMNTS that transacting across supply chains and logistics remains a bumpy road at best. “In many ways,” she said,...

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Tranch Rolls Out Expanded B2B Payments Platform for Enterprise Clients
Tranch Rolls Out Expanded B2B Payments Platform for Enterprise Clients
November 13, 2023  |  B2B Payments

Tranch debuted an expanded version of its B2B payments platform to major enterprise clients in the United States. With the expanded product, law firms and...

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Diversifying Supply Chains Drives Demand for B2B Payments Choice
Diversifying Supply Chains Drives Demand for B2B Payments Choice
November 13, 2023  |  B2B Payments

In this environment of “higher for longer” interest rates, chief financial officers recognize the need to prioritize payments innovation. As Bank of America Head of...

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Sezzle CEO Says Real-Time Business Payments Improve Velocity of Money and the Economy
Sezzle CEO Says Real-Time Business Payments Improve Velocity of Money and the Economy
November 13, 2023  |  B2B Payments

The pain of using checks in B2B transactions is now starkly apparent. Sezzle CEO Charlie Youakim told Karen Webster that buyers and suppliers are actively...

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1 in 3 Hospitality Workers Willing to Pay for Instant Tips 
1 in 3 Hospitality Workers Willing to Pay for Instant Tips 
November 10, 2023  |  Faster Payments

As restaurants and others in the hospitality space look for ways to boost retention, PYMNTS Intelligence reveals that instant tip payouts can go a long...

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Early-Access Compensation Popular as Nearly 80% of Workers Opt for Instant Payouts
Early-Access Compensation Popular as Nearly 80% of Workers Opt for Instant Payouts
November 09, 2023  |  Disbursements

American workers are ditching the traditional waiting game and opting to receive their income and earnings in real time. It’s not just a preference; it’s...

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Nearly 40% of Consumers Want Payments and Credentials Vault
Nearly 40% of Consumers Want Payments and Credentials Vault
November 08, 2023  |  Security & Fraud

In today’s modern commerce landscape, convenience-driven shoppers increasingly desire a frictionless checkout experience and are embracing the ability to use stored credentials for seamless payments....

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Fedwire Will Get Boost From ISO 20022 and Data-Rich Messaging
Fedwire Will Get Boost From ISO 20022 and Data-Rich Messaging
November 07, 2023  |  Real-Time Payments

The Fedwire service continues to gain adherents and promises to transform payments. And as ISO 20022, the data-rich messaging standard, moves through a staggered implementation...

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