Real-Time and Cross-Border Payments
The alternative, quicker and easier way to access Faster Payments to meet your customer demand for real-time payments with our 'Express' service.
The alternative, quicker and easier way to access Faster Payments to meet your customer demand for Real-Time Payments without the need for scheme approval.
The need for speed and the provision of Real-Time Payments to customers has become a ‘must-have’ capability for regulated financial businesses. Money transferred through the Faster Payments Scheme (FPS) was in excess of £1.7trillion in 2018 from over 2 billion transactions. However, compliance and regulatory timescales and restrictions on FPS testing has limited the number of new entrants to the Real-Time payments ecosystem.
Using API connectivity, Bottomline’s Real-Time Payments Express Service offers 24/7 availability to meet the demand for a quicker, easier, alternative solution to access FPS.
The way businesses and banks pay and get paid is changing. There has never been a period of such radical shift in the payments landscape. Many of these changes are driven by regulation, so businesses and banks will need to ensure they are compliant with the new rules and payment schemes. But these transformations will also bring many exciting opportunities to make payments easier, faster and more secure.
This episode on The Payments Podcast looks at regulations previous and forthcoming to examine how payments will change over the next 5 years. This episode features Jon Rushton, Director of Commercial product management focusing on how to make the most out of all these changes that are taking place.
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