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.
Bottomline is a market leader in the provision of Real Time Payment solutions and have taken more new entrants to FPS capability than any other provider
White PaperOpen Banking: Changing the Way Businesses Pay and Get Paid
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.
PodcastNavigating your way through the payment landscape
Open Banking, PSD2, ISO200022, SWIFT gpi, Request to pay, Enhanced data, Confirmation of payee, Payment status – what do all these mean, and more importantly how can they give your company a strategic advantage?
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