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

Bank of America to Debut X-Border Real-Time Payments Tool

Bank of America to Debut X-Border Real-Time Payments Tool
Bank of America to Debut X-Border Real-Time Payments Tool
June 04, 2026  |  Real-Time Payments

Bank of America plans to launch a new cross-border real-time payments tool later this year, according to a Thursday (June 4) press release provided to...

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Every Instant Payout Is a New Customer Waiting to Happen
Every Instant Payout Is a New Customer Waiting to Happen
June 04, 2026  |  Disbursements

Financial institutions have long treated disbursements as back-office logistics. Move the money, book the revenue and support the commercial client. However, the PYMNTS Intelligence report...

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Payment Inquiries Rise as Faster Payouts Promise Relief
Payment Inquiries Rise as Faster Payouts Promise Relief
June 02, 2026  |  Disbursements

The modern payments economy can approve a transaction in seconds yet still leave recipients wondering where their money is days later. Get the Full Story...

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Mastercard Joins European Cross-Border Instant Payments Pilot
Mastercard Joins European Cross-Border Instant Payments Pilot
June 01, 2026  |  Cross-border Payments

Mastercard is taking part in an instant cross-border payment pilot in Europe. Get the Full Story Complete the form to unlock this article and enjoy...

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FIS’ Jim Johnson: Banks That Don’t Own the Payment Flow Risk Losing the Customer
FIS’ Jim Johnson: Banks That Don’t Own the Payment Flow Risk Losing the Customer
June 01, 2026  |  Payment Methods

Watch more: Monday Conversation With FIS’ Jim Johnson Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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Paymentology CEO Says Payments Has a New Legacy Problem
Paymentology CEO Says Payments Has a New Legacy Problem
May 18, 2026  |  Technology

Watch more: The Digital Shift With Paymentology’s Jeff Parker Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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FPC Urges Transparency as Fraud Disputes Rise
FPC Urges Transparency as Fraud Disputes Rise
May 15, 2026  |  Real-Time Payments

A clear and consistent dispute resolution process is essential to building trust and promoting the growth of instant payments, according to two contributors to a...

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NAB Buys Banked to Speed Up Merchant Payments
NAB Buys Banked to Speed Up Merchant Payments
May 14, 2026  |  Acquisitions

National Australia Bank (NAB) acquired FinTech company Banked to help more businesses receive payments faster and at a lower cost. Get the Full Story Complete...

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