The phrase "a faster payments" is not correct in written English.
It should be "faster payments" without the article "a" in front.
Example: "The new system allows for faster payments, improving cash flow for businesses."
Alternatives: "quicker payments" or "speedier transactions."
Google thinks that in the U.S., the Fed is best positioned to define and implement a faster payments infrastructure.
The goal of a faster payments program is to make payments real-time, or nearly so, with funds moving in no more than an hour, and more likely within a minute, the report says.
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.
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.
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.
The majority of banks now operate a fast payments system so this money can be sent instantly with the click of a mouse.
But General Catalyst, which led the latest round, believes Rebagg's approach to removing retail middle persons and incorporating a fast payment to sellers "within days" give Rebagg an edge in the market.
"We don't believe there is a need for the Fed to enter the game as a processor of faster payments," Ledford said.
"It would be a full blown faster payments service, in the same market as we are," said Ledford.
The introduction of chip and pin at home will coincide with an industry-wide "faster payments" scheme, which from November 4 will finally end current clearing times of three to five days, even where money is transferred between accounts online.
