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

Treasury’s Next Big Challenge Is Connecting the Systems It Already Has
Treasury’s Next Big Challenge Is Connecting the Systems It Already Has
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
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
Government Payment Delays Cost Time, Not Just Money
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
The 4 New Working-Capital Levers CFOs Can Pull in Real Time
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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Experian and JPMorgan Push Account Checks Into Payment Workflows
Experian and JPMorgan Push Account Checks Into Payment Workflows
August 28, 2026  |  Authentication

Faster payments leave businesses with less time to discover whether the account at the other end belongs to the wrong person, contains bad information or...

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How Jack Henry, FIS and nCino Put Bank Modernization to Work
How Jack Henry, FIS and nCino Put Bank Modernization to Work
August 27, 2026  |  Earnings

Earnings season is showing that bank modernization demand is landing in faster payments, cloud and digital banking, and artificial intelligence tools aimed at credit, fraud...

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