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

Indeed Flex and Branch Team to Offer Temps Same-Day Pay
Indeed Flex and Branch Team to Offer Temps Same-Day Pay
September 30, 2024  |  Faster Payments

Temporary staffing platform Indeed Flex launched a partnership with workforce payments company Branch. Via the collaboration, the companies are offering Same Day Pay, which lets...

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Walmart and Amazon Offer New Payment Options as Consumers Seek Flexibility
Walmart and Amazon Offer New Payment Options as Consumers Seek Flexibility
September 27, 2024  |  Retail

With consumers increasingly expecting to be able to pay however they want, Walmart and Amazon are adding new payment options. Walmart is working with Fiserv...

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PayPal Launches in China; Will Support Cross-Border Payments
PayPal Launches in China; Will Support Cross-Border Payments
September 26, 2024  |  Cross-border Payments

PayPal launched its PayPal Complete Payments platform in China, saying the solution will streamline payment and receivables processes for businesses of all sizes and support...

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BILL Debuts Cross-Border Instant Payments for Small Businesses
BILL Debuts Cross-Border Instant Payments for Small Businesses
September 25, 2024  |  SMBs

BILL has introduced new payment offerings for small businesses and accountants. The new capabilities, announced by the financial platform Wednesday (Sept. 25), include Local Transfer...

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WEX: How Companies Are Slashing Costs by Optimizing Business Payments
WEX: How Companies Are Slashing Costs by Optimizing Business Payments
September 24, 2024  |  B2B Payments

Choice can be both a necessity and a paralyzing paradox. Particularly in the world of business payments, finding the optimal mix of payment methods has...

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Instant Payroll Could Cut Costly Employee Turnover
Instant Payroll Could Cut Costly Employee Turnover
September 24, 2024  |  Money Mobility

Workers are growing increasingly frustrated with the slow pace of traditional payroll and outdated biweekly pay periods, especially in today’s economic climate, where many live...

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74% of Travelers View Digital Wallets as Essential Gear for Vacations
74% of Travelers View Digital Wallets as Essential Gear for Vacations
September 23, 2024  |  Mobile Wallets

The travel and hospitality sectors have long been anchored in traditional payment methods, like cash and credit cards. As consumers and employees voice their frustrations...

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Click, Pay, Done: How Embedded Payments Could Transform B2B
Click, Pay, Done: How Embedded Payments Could Transform B2B
September 20, 2024  |  B2B Payments

Digital payments aren’t just about swapping cash and paper checks for electronic methods. Amid Wednesday’s (Sept. 18) news that Brex has launched an embedded B2B payments...

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Will Walmart’s New Bank Payment Option Tip the Scales for Other Retailers?
Will Walmart’s New Bank Payment Option Tip the Scales for Other Retailers?
September 19, 2024  |  Walmart

Walmart’s scale and installed base of loyal customers may move the needle on instant payments in general, and instant bank payments specifically. PYMNTS Intelligence estimated...

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