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

Swift Pushes Old Payment Rails Into Blockchain Future

Swift Pushes Old Payment Rails Into Blockchain Future
Swift Pushes Old Payment Rails Into Blockchain Future
September 29, 2025  |  Cross-border Payments

In business, achieving clarity often accelerates action and progress, which is more valuable than simply moving fast. For much of global trade’s history, the speed...

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Mastercard and Corpay Expand Near Real-Time Payments Partnership
Mastercard and Corpay Expand Near Real-Time Payments Partnership
September 29, 2025  |  Partnerships

Mastercard is expanding its longtime partnership with corporate payments firm Corpay. The two companies now allow corporations, small businesses and financial institutions to make near...

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Swift Intros Rules to Speed Cross-Border Retail Payments
Swift Intros Rules to Speed Cross-Border Retail Payments
September 25, 2025  |  Cross-border Payments

Swift is introducing rules to speed cross-border payments for consumers and small businesses. The rules, created in partnership with more than 30 banks, enable retail...

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How the Consumerization of X-Border Payments Is Reshaping Corporate Treasury
How the Consumerization of X-Border Payments Is Reshaping Corporate Treasury
September 22, 2025  |  Cross-border Payments

When corporate treasurers thought about innovation, it was typically unlikely that their minds drifted to remittance counters in Manila or Mexico. However, as enterprises come...

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Stablecoins Target ‘Network of Networks’ Effect Across Global B2B Payments
Stablecoins Target ‘Network of Networks’ Effect Across Global B2B Payments
September 16, 2025  |  Cryptocurrency

Watch more: The Digital Shift In the high-speed theater of global commerce, payments remain stuck in slow motion. Settlements stretch across days, working capital gets...

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Mastercard and Paytently Team to Promote Open Banking
Mastercard and Paytently Team to Promote Open Banking
September 11, 2025  |  Partnerships

Specialist payments orchestration platform Paytently launched an open banking partnership with Mastercard. Paytently Open Banking is an account-to-account payment option powered by Mastercard Open Finance,...

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Why Time to Cash Is New Benchmark for Cross-Border B2B Growth
Why Time to Cash Is New Benchmark for Cross-Border B2B Growth
September 10, 2025  |  B2B Payments

In global B2B trade, inefficiency doesn’t always look like congestion at a port or tariffs at a border. Billions of dollars in cross-border B2B trade...

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Bank of America: How to Manage Global Payments Risks in Uncertain Times
Bank of America: How to Manage Global Payments Risks in Uncertain Times
September 08, 2025  |  Global Payments

Watch more: Need to Know If businesses can’t see their cash, they might as well not have any. That’s especially true against today’s volatile global...

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