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

US Real-Time Payments Transactions Expected to Quadruple by 2027
US Real-Time Payments Transactions Expected to Quadruple by 2027
November 07, 2023  |  Real-Time Payments

Real-time payments have revolutionized how money moves in the global economy. In an era defined by rapid technological advancements and increasing consumer demand for convenience...

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Grab Enables In-App Cashless Payments Via FinTech MoMo
Grab Enables In-App Cashless Payments Via FinTech MoMo
November 06, 2023  |  Partnerships

Vietnamese FinTech MoMo is integrating its payment solution into Grab, the companies announced in a Thursday (Oct. 31) press release. MoMo users who want to...

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Retailers Plan to Up Use of Instant B2B Payments
Retailers Plan to Up Use of Instant B2B Payments
November 06, 2023  |  Faster Payments

In an environment with high interest rates and the expansion of instant payment systems, retailers are shifting their payment preferences by leaving traditional methods and...

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DraftKings’ Customer-Centric Strategy Avoids Mention of Any Specific Digital Innovations 
DraftKings’ Customer-Centric Strategy Avoids Mention of Any Specific Digital Innovations 
November 03, 2023  |  Earnings

It’s football season, and that is good news for sports betting company DraftKings. The gaming platform’s third quarter 2023 earnings results saw a 57% increase...

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Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant
Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant
November 03, 2023  |  Faster Payments

Consumers are increasingly embracing the immediacy and transparency offered by real-time payments. And the migration to ISO 20022, a new global standard for secure and...

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ACI Worldwide’s Banking Revenues Gain 42% as Company Sees Accelerating SaaS Demand
ACI Worldwide’s Banking Revenues Gain 42% as Company Sees Accelerating SaaS Demand
November 02, 2023  |  Real-Time Payments

ACI Worldwide’s third-quarter earnings results released Thursday (Nov. 2) showed a boost to the top line, underpinned by its bank segment as financial institutions seek...

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From Tradition to Transformation: B2B Enterprises Hit Generational Inflection Point 
From Tradition to Transformation: B2B Enterprises Hit Generational Inflection Point 
November 01, 2023  |  B2B Payments

A generational change is coming for the B2B landscape. But from employees to ERP (enterprise resource planning) systems, it doesn’t have to be out with...

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Payment Networks and Alternative Rails Pave the Path for Pay-by-Bank Adoption 
Payment Networks and Alternative Rails Pave the Path for Pay-by-Bank Adoption 
October 30, 2023  |  Payment Methods

The Bard penned it best about payments, and specifically pay-by-bank: “If it be not now, yet it will come: the readiness is all.” In reality,...

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Digital Payments Make Gains in Gaming But Cash Remains King
Digital Payments Make Gains in Gaming But Cash Remains King
October 27, 2023  |  Disbursements

As gaming enthusiasts seek the thrill of quick access to their rewards, a recent survey conducted by PYMNTS Intelligence sheds light on this evolving landscape....

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