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 Says Checks Are Slowing Treasury Down

Bank of America Says Checks Are Slowing Treasury Down
Bank of America Says Checks Are Slowing Treasury Down
June 08, 2026  |  Disbursements

Watch more: Need to Know With Bank of America’s Irfan Ahmad Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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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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72% of Consumers Pay for Instant Income Access
72% of Consumers Pay for Instant Income Access
June 04, 2026  |  Real-Time Payments

Instant payments are increasingly being judged less by how fast money moves and more by what faster access allows consumers to do. Get the Full...

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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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