PYMNTS

SEPTEMBER 27, 2018

Hong Kong has launched the Faster Payments System (FSP), which allows users to send money almost instantly using a mobile number or email address as an account proxy. Transfer amounts can be as high as HK$1 million, reports said.

Faster Payments 65

Faster Payments Funds Transfer Payments Payer 65

PYMNTS

FEBRUARY 19, 2019

With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear. “We see faster payments coming into the U.S. and Europe have imposed.

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75

PYMNTS

MARCH 27, 2020

While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. A key characteristic of payment initiation under PSD2 is its use of Faster Payments in the U.K.,

Payment Initiation 60

Payment Initiation B2B Online and Mobile Banking Small Business 60

PYMNTS

NOVEMBER 14, 2019

Increasingly, the gold standard for payments is invisibility. Platforms and payment service providers are seeking digital, integrated payment experiences that are so seamless, neither the payee nor payer take much notice that a transaction has even occurred. Faster Payments Shift the Landscape.

Payroll 50

Payroll Faster Payments Cross-Border Payments 50

PYMNTS

NOVEMBER 17, 2017

But as more FinServ players explore B2B payments use cases for faster payments initiatives, like the U.K.’s s Faster Payments scheme , some are beginning to realize that, when it comes to corporate payers, real-time payments capabilities can offer more than speed. Take payroll, for example.

Faster Payments 41

Faster Payments Payer Real Time Payments Payments 41

PYMNTS

NOVEMBER 23, 2016

But with federal officials now pressing for faster payments technologies to get off the ground, time is running out for the nay-sayers to be convinced. The firm has introduced real-time payments capabilities for its Bank Centric Payments platform, built for financial institutions. .”

Real Time Payments 73

Real Time Payments Payer Faster Payments Payments 73

PYMNTS

MARCH 31, 2020

Faster Payments Council Names New Leadership. Faster Payments Council has named Reed Luhtanen as its new executive director. “I’m excited about the opportunity to lead the FPC and further its commitment to advancing the path to a faster payments future in the United States,” he said in a statement.

B2B 77

B2B Payroll Payments Cross-Border Payments 77