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

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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DailyPay Sues NY AG to Counter On-Demand Pay Restrictions
DailyPay Sues NY AG to Counter On-Demand Pay Restrictions
April 07, 2025  |  Legal

Earned wage access company DailyPay has sued New York Attorney General Letitia James. The company’s suit, filed Monday (April 7), is aimed at stopping what...

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Instant Payments Offerings Deliver Big Impact for Small Banks
Instant Payments Offerings Deliver Big Impact for Small Banks
April 07, 2025  |  Real-Time Payments

Banks eyeing the demand for faster payments — from consumers and corporate clients alike — know they must offer real-time capabilities. If they don’t, they...

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From Fraud Fears to Gen Z CFOs, 5 Trends Driving B2B’s Digital Shift
From Fraud Fears to Gen Z CFOs, 5 Trends Driving B2B’s Digital Shift
April 04, 2025  |  B2B Payments

Digitizing B2B payments is typically a one-way street. Businesses don’t typically revert to paper payments after embracing technological advancement. But that doesn’t mean some firms don’t...

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Executive Order on Checks Targets $175 Billion in Government Disbursements
Executive Order on Checks Targets $175 Billion in Government Disbursements
March 26, 2025  |  Faster Payments

The size and scope of paper checks sent in the service of government benefits and payments is staggering — even if those transactions are a...

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Edenred Debuts Virtual Card Solution for Insurance Payouts
Edenred Debuts Virtual Card Solution for Insurance Payouts
March 18, 2025  |  Disbursements

Edenred Payment Solutions has unveiled a tool to speed insurance claim payouts. The U.K. company’s virtual card number (VCN) product, announced Wednesday (March 19), is...

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EarnIn Debuts Early Pay For Faster Paycheck Access
EarnIn Debuts Early Pay For Faster Paycheck Access
March 18, 2025  |  Personal Finance

EarnIn has debuted a product that lets users access their paychecks two days early. Early Pay, announced by the earned wage access (EWA) provider Tuesday...

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3 Ways Embedded Finance Solutions Are Remaking B2B Procurement
3 Ways Embedded Finance Solutions Are Remaking B2B Procurement
March 17, 2025  |  B2B Payments

The golden rule of work is often to keep personal and professional lives separate. But when it comes to payments, the seamless experiences and expectations...

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Cost and Integration Concerns Keep Smaller Banks From Adopting Real-Time Payments
Cost and Integration Concerns Keep Smaller Banks From Adopting Real-Time Payments
March 14, 2025  |  Banking

The benefits of real-time payments may be readily apparent to financial institutions (FIs) — as they can serve their clients with new use cases, including...

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