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

SoFi Tech Solutions Says FinTech’s Next Edge Is Showing Up at the Right Moment

SoFi Tech Solutions Says FinTech’s Next Edge Is Showing Up at the Right Moment
SoFi Tech Solutions Says FinTech’s Next Edge Is Showing Up at the Right Moment
October 14, 2026  |  Innovation

Watch more: Need to Know | Sofi Tech Solutions | Prashant Shah Speed and simplicity helped FinTechs establish themselves as alternatives to traditional financial institutions....

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Treasury’s Next Big Challenge Is Connecting the Systems It Already Has
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October 13, 2026  |  Cross-border Payments

Watch more: Need to Know with Bank of America’s Daniel Stanton Companies have upgraded their treasury systems while the payment networks, banks and data they...

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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
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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
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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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