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

FIS Earns Certification to Enable Send Capabilities in FedNow Service
FIS Earns Certification to Enable Send Capabilities in FedNow Service
February 04, 2025  |  Faster Payments

FinTech company FIS said Tuesday (Feb. 4) that it is now certified to enable send capabilities for credit transfers in the FedNow® Service. Get the...

READ MORE >
Jack Henry Adds Visa Direct to Rapid Transfer Offering
Jack Henry Adds Visa Direct to Rapid Transfer Offering
February 03, 2025  |  Partnerships

FinTech Jack Henry has launched a collaboration with payments giant Visa. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

READ MORE >
Faster Payments Open Global Markets to Smaller Companies
Faster Payments Open Global Markets to Smaller Companies
February 03, 2025  |  Cross-border Payments

Just a few years ago, cross-border payments were inefficient at best and filled with friction at worst. Get the Full Story Complete the form to...

READ MORE >
From Klarna to Nelly: CEO Says Process Innovation Can Scale Digital Health Across Europe
From Klarna to Nelly: CEO Says Process Innovation Can Scale Digital Health Across Europe
February 03, 2025  |  Healthcare

If you’re looking for a training ground in payments and the digital economy, you could do worse than the buy now, pay later (BNPL) space....

READ MORE >
Kraken Debuts Instant Crypto Payments Offering Kraken Pay
Kraken Debuts Instant Crypto Payments Offering Kraken Pay
January 29, 2025  |  Cryptocurrency

Cryptocurrency exchange Kraken now lets users make payments with their accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

READ MORE >
Recurring Payments Feature to Draw $30 Billion in Payments to Brazil’s Pix
Recurring Payments Feature to Draw $30 Billion in Payments to Brazil’s Pix
January 28, 2025  |  eCommerce

The soon-to-be-released recurring payments feature of Brazil’s payment system, Pix, is reportedly expected to draw $30 billion in eCommerce payments alone to Pix in two...

READ MORE >
Bank Account Intelligence: The New Frontier in Credit Decisioning
Bank Account Intelligence: The New Frontier in Credit Decisioning
January 28, 2025  |  Authentication

A bank account represents a direct connection to a business or consumer’s daily financial life. Get the Full Story Complete the form to unlock this...

READ MORE >
UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
January 22, 2025  |  Regulation

The U.K.’s Financial Conduct Authority may remove the 100-pound (about $123) contactless limit and “set new digital service standards” as part of its efforts to...

READ MORE >
72% of Workers Prefer Instant Payroll If Given Choice
72% of Workers Prefer Instant Payroll If Given Choice
January 22, 2025  |  Payroll

As criticism of traditional biweekly and monthly payroll systems increases, workers in gig, freelance and contract roles are more vocal about the financial strain caused...

READ MORE >