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

Payment Processors Become One-Stop Financial Platforms for Merchants
Payment Processors Become One-Stop Financial Platforms for Merchants
April 29, 2025  |  B2B Payments

As the global economy continues toward digital transformation, payment processors are quietly orchestrating their own revolution behind the scenes. Get the Full Story Complete the...

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Banks Rush to Promote Instant Payments as RTP Crosses Billion-Transaction Mark
Banks Rush to Promote Instant Payments as RTP Crosses Billion-Transaction Mark
April 28, 2025  |  Real-Time Payments

Roughly seven and a half years after The Clearing House (TCH) launched its RTP® network — the first new U.S. payments infrastructure in four decades...

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Truist Completes Initial Test of Alias-Based Bill Payment Solution
Truist Completes Initial Test of Alias-Based Bill Payment Solution
April 25, 2025  |  Payments Innovation

Truist completed the initial testing phase of an alias-based bill payment solution that uses The Clearing House’s RTP® network and Request for Payment (RfP) platform....

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Small Businesses Turn to Instant Payments as Ad Hoc Transactions Surge
Small Businesses Turn to Instant Payments as Ad Hoc Transactions Surge
April 24, 2025  |  Faster Payments

Cash is king, and cash flow rules the day, especially for small businesses that might not have the wherewithal to weather macroeconomic shocks. Get the...

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Nacha: Same Day ACH Value Leaps 25% YoY in First Quarter
Nacha: Same Day ACH Value Leaps 25% YoY in First Quarter
April 23, 2025  |  Faster Payments

Same Day ACH saw double-digit increases in both volume and value during the first quarter as the payment method continued to gain acceptance. Get the...

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Corporates Pressure Banks to Accelerate Instant Payments Adoption
Corporates Pressure Banks to Accelerate Instant Payments Adoption
April 21, 2025  |  Faster Payments

Tariffs are here, inflation is sticky, and supply chains and vendor relationships are in flux. Get the Full Story Complete the form to unlock this...

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Singapore Businesses Embrace Digital Wallets, Consumers Still Catching Up
Singapore Businesses Embrace Digital Wallets, Consumers Still Catching Up
April 18, 2025  |  Cross-border Payments

Cross-border payments may sound simple, but their reality is anything but. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Claims Complexity Meets Digital Simplicity as Insurers Push for Instant Payments
Claims Complexity Meets Digital Simplicity as Insurers Push for Instant Payments
April 18, 2025  |  Insurance

The digital transformation of the insurance industry is a work in progress. Get the Full Story Complete the form to unlock this article and enjoy...

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HBX Group to Launch B2B Payments Platform for Travel Industry
HBX Group to Launch B2B Payments Platform for Travel Industry
April 16, 2025  |  B2B Payments

HBX Group is set to start rolling out a B2B payments platform designed for the travel industry. Get the Full Story Complete the form to...

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