The majority of banks now operate a fast payments system so this money can be sent instantly with the click of a mouse.
Software developed by a company called SplitTheDifference makes proposals on behalf of insurers, relying on algorithms to gauge what discount a doctor might accept in exchange for a faster payment.
Implicitly, the criteria is a new lexicon for payments in the 21st century, providing a glimpse into the functionality, capability and benefits needed for economic participants (including, "you, the reader") to confidently understand, discuss and plan for a faster payment infrastructure.
Explicitly, the 31-page, 9,500-word document: 1) represents the desires and expectations from payment stakeholders for a faster payments system, and 2) will serve as a rubric for system proposals to satisfy during the next phase of the initiative.
I have no idea how fast payment is — I haven't sold anything.
Other retailers and a retail consultant say it is hard to imagine that Wal-Mart pays the same per-unit price for a tube of Tom's of Maine toothpaste as a local health food store does, but Mr. Chappell says he does not adjust his prices even for fast payment of invoices.
After seven exhausting years of dealing with aggressive threats of litigation, demands for fast payment and being the perpetual bearer of bad (and expensive) news to my senior management, I was ready for a change.
This isn't the company's first attempt at a faster online payment system.
You promised fair and fast payments.
Housing advocates have criticized such agreements for offering tenants less favorable terms than they would receive from a judge, like requiring faster payment of back rent or tacking on legal charges or late fees, and that way increasing the likelihood of their eviction.
