Faster Payments

Amex Launches Early Pay for Faster Supplier Payments

American Express is introducing a new solution to accelerate B2B payments to suppliers. In an announcement Thursday (Oct. 11), American Express said it is launching Early Pay, a combination of supply chain finance and early payment discount capabilities. Designed for large U.S. companies procuring from U.S.

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Moving Toward a Faster Payments Future

The global march toward faster payments is already well under way. Today, 25 countries have faster payments systems in production and an additional 19 are progressing quickly toward them. When the Federal Reserve’s Faster Payments Task Force issued its recommendations in 2017, it outlined a vision for a U.S.

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Payments at the Speed of Now

Those responsible for implementing faster payments on the industry side seem to have taken the faster part literally. In little over one year, from late 2016 to late 2017, three new faster payments solutions went live: NACHA’s same-day ACH functionality, the Zelle P2P network and the Clearing House’s Real-Time Payments service, which was the first new U.S. payments architecture launched […]

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Federal Reserve Board Seeks Public Comment on Potential Actions to Facilitate Real-time Interbank Settlement of Faster Payments

The Federal Reserve Board on Wednesday invited public comment on actions the Federal Reserve could take to support faster payments in the United States.

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Hong Kong Faster Payment Platform Goes Live

Hong Kong has joined the faster payments club, launching a system that lets users send money nearly instantly to recipients using a mobile number or email address as an account proxy.

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New Payment System Keeps Hong Kong in Forefront

The Faster Payment System, launched by the Hong Kong Monetary Authority on Sept 17, will bolster the city’s leading regional role in the international financial system. From the end of this month, customers in Hong Kong will be able to make and accept immediate fund transfers and payments seamlessly on their smartphones.

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Opening Up Inter-bank System FAST Will Spur Innovation, Create Better Services: Experts, Fintech Firms

Consumers can expect greater convenience and more innovative e-payment services when non-bank players get direct access to FAST, experts say.

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Fund Transfers Between Alipay and WeChat Pay Around the Corner as Hong Kong Launches Faster Payments Service

Hong Kong customers of Alipay and WeChat Pay, the two dominant cashless payment operators in China, the world’s largest internet market, will be able to transfer funds from each other for the first time, through the Hong Kong Monetary Authority’s Faster Payment System.

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The Challenge of Speeding Up Payments While Slowing Down Fraud

An awful lot of dark money moves round the world each year – between 2 and 5 percent of global GDP by UN estimates.

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Firing Up Faster Payments While Fighting Faster Fraud

Faster payments pack a lot of potential – technologically speaking and in terms of usefulness. And they are clearly providing for a need wanted for filling, attested by the explosive growth they’ve demonstrated worldwide over the last few years.

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Challenger Bank Finds Instant Rewards in Faster Payments

Around the globe, new payment schemes are on the rise. In the Eurozone, the Eurosystem’s new process for settling instant payments is slated to go live this November.

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Google Updates Wear OS for Faster Payments

Alphabet’s Google released on Thursday (July 26) its Android P Developer Beta 5, as the company moves closer to rolling out the release of its mobile operating system, reported BGR. According to the report, in addition to working on the Android release, Google is also updating Wear OS, its operating system for wearable devices.

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