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

Need for Speed: How Instant Ad Hoc Payments Future-Proof Enterprise Relationships
Need for Speed: How Instant Ad Hoc Payments Future-Proof Enterprise Relationships
November 04, 2024  |  Faster Payments

From vendor pay to gig workers, enterprises are merging into the fast lane for payments. And as enterprises adopt models that rely on agile, ad...

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Anti-Fraud Innovations Keep Instant Payments on Right Track
Anti-Fraud Innovations Keep Instant Payments on Right Track
October 31, 2024  |  Fraud Prevention

Transactions are built atop a first principle of trust. And the faster transactions happen, the stronger that trust needs to be. As digital payments evolve...

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Expense Management Is Undergoing a Revolution, but Legacy Systems Hold Firms Back
Expense Management Is Undergoing a Revolution, but Legacy Systems Hold Firms Back
October 30, 2024  |  B2B Payments

Every dollar of working capital matters to today’s businesses. That makes tracking and managing expenses important, as evidenced by “Grubgate,” where tech giant Meta fired...

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BofA: CFOs and Treasurers Need New Approach to Liquidity Amid Interest Rate Volatility
BofA: CFOs and Treasurers Need New Approach to Liquidity Amid Interest Rate Volatility
October 30, 2024  |  CFO

Despite the interest rate cuts by the Federal Reserve — 0.5% for the first go-round in September, with more cuts widely expected — the fact...

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New Data: Instant Payments for Enterprise: Ad Hoc Transactions Go Real-Time
New Data: Instant Payments for Enterprise: Ad Hoc Transactions Go Real-Time
October 29, 2024  |  Money Mobility

Enterprises regularly make ad hoc payments to consumers and small- to medium-sized businesses (SMBs). In the last year, the share of accounts payable (AP) comprised...

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Democratizing Payments: How Payment Hubs Fuel Innovation for Smaller Banks
Democratizing Payments: How Payment Hubs Fuel Innovation for Smaller Banks
October 28, 2024  |  Payments Innovation

Keeping pace with innovation can be daunting. For small- to mid-sized banks, credit unions and FinTechs, implementing the latest money movement integrations like real-time payments...

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Account Verification Becomes Critical Factor in Cross-Border Payments
Account Verification Becomes Critical Factor in Cross-Border Payments
October 28, 2024  |  Cross-border Payments

Money movement across borders promises to speed the flow of funds between consumers and corporations if done digitally. But commerce is marked by complexity and...

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Solving the Working Capital Goldilocks Paradox: 3 Best Practices for CFOs
Solving the Working Capital Goldilocks Paradox: 3 Best Practices for CFOs
October 23, 2024  |  CFO

Today’s middle-market firms often find themselves caught in the Goldilocks paradox. These businesses, with $50 million to $1 billion in revenues, are too big for...

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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....

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