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

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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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,...

READ MORE >
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....

READ MORE >
CFOs See Instant Payments as ‘Cash Management’ Tool
CFOs See Instant Payments as ‘Cash Management’ Tool
October 27, 2023  |  B2B Payments

The last few months have been ones of marked change for B2B payments, and the rise of embedded finance points the way for what’s to...

READ MORE >
Pathward and TabaPay Expand Collaboration on Faster Payments Solutions
Pathward and TabaPay Expand Collaboration on Faster Payments Solutions
October 26, 2023  |  Faster Payments

Pathward and TabaPay announced an expanded partnership to enhance Pathward’s suite of faster payments solutions. The collaboration aims to empower FinTech firms, merchants and platforms...

READ MORE >
ISO 20022, Open Banking Will Transform Cross-Border Payments
ISO 20022, Open Banking Will Transform Cross-Border Payments
October 26, 2023  |  Cross-border Payments

Nilesh Dusane, global head of institutional payments at Amazon Web Services (AWS), told Karen Webster that there’s one common refrain among financial institutions (FIs) and...

READ MORE >