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

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. The volume...

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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. For enterprises, it’s critical to have as much certainty as...

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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. Cracking the code for sending payments between countries, whether for individuals or businesses, has...

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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. Digitizing trillions of dollars in payments bumps up against the complexities of the...

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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. The company, which operates a B2B travel technology...

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Juniper Adds Embedded AI-Driven Fraud Prevention Engine to Payments Hub
Juniper Adds Embedded AI-Driven Fraud Prevention Engine to Payments Hub
April 16, 2025  |  Security & Fraud

Juniper Payments, a Velera company, added an embedded artificial intelligence-driven fraud prevention engine to its Payments Hub platform for banks and credit unions. The enhancement...

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Healthcare’s Digital Payments Push Battles Rising Fraud and Falling Margins
Healthcare’s Digital Payments Push Battles Rising Fraud and Falling Margins
April 16, 2025  |  Healthcare

Inefficiency in healthcare is more than just inconvenient. It can often be expensive. Yet in today’s world, where tap-to-pay is routine at coffee shops and...

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Velera Teams Up With Zelle to Drive Faster Payments for Smaller Credit Unions
Velera Teams Up With Zelle to Drive Faster Payments for Smaller Credit Unions
April 14, 2025  |  Partnerships

Velera and Early Warning Services, the company behind Zelle, are partnering to broaden real-time payment offerings for small financial institutions. The agreement is designed to...

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Branch Adds ‘Full-Service Paycard’ to Workforce Payments Platform
Branch Adds ‘Full-Service Paycard’ to Workforce Payments Platform
April 10, 2025  |  B2B Payments

Branch added a “full-service paycard” to its workforce payments platform. The paycard is delivered through the Branch App and Card, enables payments to a dedicated...

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