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

Rain Joins Visa’s Pilot Program for Stablecoin Settlement
Rain Joins Visa’s Pilot Program for Stablecoin Settlement
May 01, 2025  |  Cryptocurrency

Rain, a global card-issuing platform built for stablecoins, joined Visa’s pilot program for stablecoin settlement. By fully tokenizing its credit card receivables and transitioning all...

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FIS Debuts Money Movement Hub to Ease Payment Friction
FIS Debuts Money Movement Hub to Ease Payment Friction
May 01, 2025  |  Real-Time Payments

FIS debuted a tool to help financial institutions link to payment networks and process payments in one place. The FinTech’s Money Movement Hub is designed...

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Why Real-Time Payments Are Less About Timing and More About Trust
Why Real-Time Payments Are Less About Timing and More About Trust
May 01, 2025  |  Real-Time Payments

For banks seeking to lure and keep small- to medium-sized business (SMB) clients, real-time payments can become big business. If traditional financial institutions (FIs) lag...

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DailyPay to Expand On-Demand Pay Platform to Canada in May
DailyPay to Expand On-Demand Pay Platform to Canada in May
April 30, 2025  |  Disbursements

DailyPay will expand its On-Demand Pay platform to Canada in May. The company will make this earned wage access platform available to new and existing clients with...

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Payment Processors Become One-Stop Financial Platforms for Merchants
Payment Processors Become One-Stop Financial Platforms for Merchants
April 29, 2025  |  B2B Payments

As the global economy continues toward digital transformation, payment processors are quietly orchestrating their own revolution behind the scenes. The movement is spilling out onto...

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Banks Rush to Promote Instant Payments as RTP Crosses Billion-Transaction Mark
Banks Rush to Promote Instant Payments as RTP Crosses Billion-Transaction Mark
April 28, 2025  |  Real-Time Payments

Roughly seven and a half years after The Clearing House (TCH) launched its RTP® network — the first new U.S. payments infrastructure in four decades...

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Truist Completes Initial Test of Alias-Based Bill Payment Solution
Truist Completes Initial Test of Alias-Based Bill Payment Solution
April 25, 2025  |  Payments Innovation

Truist completed the initial testing phase of an alias-based bill payment solution that uses The Clearing House’s RTP® network and Request for Payment (RfP) platform....

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Small Businesses Turn to Instant Payments as Ad Hoc Transactions Surge
Small Businesses Turn to Instant Payments as Ad Hoc Transactions Surge
April 24, 2025  |  Real-Time Payments

Cash is king, and cash flow rules the day, especially for small businesses that might not have the wherewithal to weather macroeconomic shocks. The PYMNTS...

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Nacha: Same Day ACH Value Leaps 25% YoY in First Quarter
Nacha: Same Day ACH Value Leaps 25% YoY in First Quarter
April 23, 2025  |  Real-Time Payments

Same Day ACH saw double-digit increases in both volume and value during the first quarter as the payment method continued to gain acceptance. The volume...

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