faster payments

Faster Payments Service (FPS) is a UK banking initiative to reduce payment times between different banks' customer accounts from the three working days that transfers take using the long-established BACS system, to typically a few seconds.

Source: en.wikipedia.org

Visa Direct Panel Maps Path to Faster Government Payments

Visa Direct Panel Maps Path to Faster Government Payments
Visa Direct Panel Maps Path to Faster Government Payments
October 01, 2026  |  Disbursements

Watch more: Government Disbursements Need to Move at the Speed of Need For a household waiting on food assistance or disaster relief, a payment that...

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Citi Rewires Global Payments Through Single Swift Connection
Citi Rewires Global Payments Through Single Swift Connection
September 29, 2026  |  Cross-border Payments

Citi now enables its bank clients to access multiple cross-border instant payment markets through a single account structure, the bank said in a Tuesday (Sept. 29) press release. This solution also...

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Bank of America Launches Cross-Border Real-Time Payments Solution
Bank of America Launches Cross-Border Real-Time Payments Solution
September 29, 2026  |  Real-Time Payments

Bank of America’s Cross-Border Real-Time Payments solution has completed its first transaction, the bank said in a Tuesday (Sept. 29) press release emailed to PYMNTS....

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Government Payment Delays Cost Time, Not Just Money
Government Payment Delays Cost Time, Not Just Money
September 29, 2026  |  Disbursements

The cost of a delayed government payment does not end when the money finally arrives. Every status inquiry, phone call, payment trace and reissued check...

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Mastercard and SoFi Team on Stablecoin Settlement to Cards
Mastercard and SoFi Team on Stablecoin Settlement to Cards
September 22, 2026  |  Cryptocurrency

Mastercard and SoFi Technologies are now using stablecoin settlement across SoFi Bank, N.A.’s debit and credit card program, SoFi said in a Tuesday (Sept. 22)...

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The 4 New Working-Capital Levers CFOs Can Pull in Real Time
The 4 New Working-Capital Levers CFOs Can Pull in Real Time
September 03, 2026  |  CFO

The next generation of payment infrastructure is giving CFOs something more valuable than speed. It’s giving them optionality. Real-time rails, richer ISO 20022 data, virtual...

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Experian and JPMorgan Push Account Checks Into Payment Workflows
Experian and JPMorgan Push Account Checks Into Payment Workflows
August 28, 2026  |  Authentication

Faster payments leave businesses with less time to discover whether the account at the other end belongs to the wrong person, contains bad information or...

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How Jack Henry, FIS and nCino Put Bank Modernization to Work
How Jack Henry, FIS and nCino Put Bank Modernization to Work
August 27, 2026  |  Earnings

Earnings season is showing that bank modernization demand is landing in faster payments, cloud and digital banking, and artificial intelligence tools aimed at credit, fraud...

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