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

South African Aims to Open Payments System to Nonbanks
South African Aims to Open Payments System to Nonbanks
August 31, 2025  |  Payments Innovation

The South African Reserve Bank (SARB) reportedly wants to let nonbanks access the country’s payments system. The central bank plans to unveil proposals that would...

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Compliance Gaps Expose B2B Payments to Escalating Cyber Threats
Compliance Gaps Expose B2B Payments to Escalating Cyber Threats
August 14, 2025  |  B2B Payments

Watch more: Legacy Compliance Gaps Expose B2B Payments to Escalating Cyber Threats Fraud in the B2B payments space has gone from the occasional operational hiccup...

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Stablecoins Get a Seat in the C-Suite
Stablecoins Get a Seat in the C-Suite
July 31, 2025  |  Cryptocurrency

Watch more: How Stablecoins Are Transforming Enterprise Financial Strategy Keeping an open mind is key to learning. Few innovations across payments and finance may require...

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EarnIn Launches Technology Enabling Workers to Access Earnings Continuously
EarnIn Launches Technology Enabling Workers to Access Earnings Continuously
July 23, 2025  |  Personal Finance

EarnIn has launched a new technology that enables workers to access their earnings continuously, while they work. The new Live Pay technology will be available through the EarnIn...

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The Clearing House Says RTP’s Limit Increase Drove 195% Spike Over Q1
The Clearing House Says RTP’s Limit Increase Drove 195% Spike Over Q1
July 17, 2025  |  Real-Time Payments

The Clearing House’s RTP® Network processed $481 billion in the second quarter, a 195% increase over the prior quarter. “What’s behind the surge? Businesses and...

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Cash App Debuts iPhone Tap to Pay for Business Sellers
Cash App Debuts iPhone Tap to Pay for Business Sellers
July 16, 2025  |  Digital Payments

Cash App says its business sellers now have a new way to accept contactless payments. The company on Tuesday (July 15) announced the launch of...

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Banks Risk Market Share Loss Without Instant Payment Options
Banks Risk Market Share Loss Without Instant Payment Options
July 07, 2025  |  Real-Time Payments

While real-time networks like The Clearing House’s RTP® network have surpassed 1 billion transactions, a critical gap persists. The PYMNTS Intelligence report “The Real-Time Leap:...

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The Clearing House and Comerica Expand RTP Use Cases to ‘On Behalf Of’ Use Cases
The Clearing House and Comerica Expand RTP Use Cases to ‘On Behalf Of’ Use Cases
July 02, 2025  |  Real-Time Payments

Watch more: TCH, Comerica Unlock More RTP Network Use Cases Under New Rules The Clearing House (TCH) debuted the RTP® network seven years ago and...

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Canada’s New Real-Time Rails Get Bank of America’s Attention
Canada’s New Real-Time Rails Get Bank of America’s Attention
June 25, 2025  |  Real-Time Payments

Watch more: Bank of America Equips Canadian Businesses for Real-Time Treasury Canada’s payments landscape is being recast at high speed, and the once-predictable routines of...

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