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)

Blackbird Labs Debuts Check-Settlement Platform for Restaurants
Blackbird Labs Debuts Check-Settlement Platform for Restaurants
July 30, 2024  |  Restaurant innovation

Hospitality tech firm Blackbird Labs has launched a new payments product for restaurants. “Powered by Blackbird’s new blockchain, the Blackbird Flynet, Blackbird Pay gives restaurants...

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Will Earned Wage Access Unlock FedNow Sender Adoption?
Will Earned Wage Access Unlock FedNow Sender Adoption?
July 30, 2024  |  Faster Payments

One year on, FedNow and instant payments are seeing a groundswell of interest and intention to speed up funds paid out to individuals. Taking stock...

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New Data: Insurance Industry Adopts Instant Payments Amid Rising Consumer Demand
New Data: Insurance Industry Adopts Instant Payments Amid Rising Consumer Demand
July 25, 2024  |  Money Mobility

Receiving insurance disbursements in a timely fashion can be crucial. This is especially true if the expense was unexpected and for a sizeable amount. That...

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QIB Adds Request to Pay to Instant Payments Service
QIB Adds Request to Pay to Instant Payments Service
July 22, 2024  |  Faster Payments

Qatar Islamic Bank (QIB) has added a “request payment” feature to its instant payment service. The new feature, announced Monday (July 22), lets customers request a payment from...

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Brazil’s Central Bank Delays Launch of Pix Recurring Payments Feature
Brazil’s Central Bank Delays Launch of Pix Recurring Payments Feature
July 22, 2024  |  Real-Time Payments

Brazil’s central bank has delayed the launch of a recurring payments feature that will be added to its Pix instant payment system. The feature, Automatic...

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Embedded Finance’s Next Stop Is B2B Commerce
Embedded Finance’s Next Stop Is B2B Commerce
July 17, 2024  |  eCommerce

Wind the clock back just a few years, and online transactions were a disjointed experience. After filling a cart at a merchant’s site, upon checking...

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Galileo Begins Offering Wire Transfers to FinTechs
Galileo Begins Offering Wire Transfers to FinTechs
July 09, 2024  |  Payment Methods

Galileo Financial Technologies has begun offering wire transfer capabilities to FinTechs. The So-Fi-owned company announced the new offering Tuesday (July 9), saying it provides FinTechs with another option...

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New Data: Instant Loan Payouts Rise Thanks to Growing Lender Adoption
New Data: Instant Loan Payouts Rise Thanks to Growing Lender Adoption
July 09, 2024  |  News

Borrowing connects consumers with funds they need to pay for major expenses or to manage debt. As a result, the timely receipt of these funds...

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Japan Ditched Floppy Disks, but Can Businesses Ditch Paper Checks?
Japan Ditched Floppy Disks, but Can Businesses Ditch Paper Checks?
July 08, 2024  |  B2B Payments

Technological innovation moves fast, but sometimes businesses can move slowly. Or even not at all. Take for example the news from Reuters that the Japanese...

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