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

Citi Wants the World’s Payment Systems to Finally Learn to Talk to Each Other

Citi Wants the World’s Payment Systems to Finally Learn to Talk to Each Other
Citi Wants the World’s Payment Systems to Finally Learn to Talk to Each Other
November 13, 2025  |  Cross-border Payments

The past decade has transformed cross-border payments from a slow, opaque process into one that is faster, cheaper and increasingly transparent. Yet the dream of...

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FedNow Head Watches Banks Race to Catch Nonbanks as Growth Surges
FedNow Head Watches Banks Race to Catch Nonbanks as Growth Surges
November 05, 2025  |  Real-Time Payments

The competition between banks and nonbanks is intensifying as customers demand faster, always-available ways to move money. Banks are finding that the FedNow® Service can...

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Adaptive CFOs Turn Payment Speed Into Market Opportunity
Adaptive CFOs Turn Payment Speed Into Market Opportunity
October 21, 2025  |  Working Capital

When finance teams finally pry open locked-up cash through external working capital solutions, the biggest question isn’t how much they’ve saved. It’s what happens next....

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Firms Tap Orchestration to Tame Chaos of Too Many Payment Options
Firms Tap Orchestration to Tame Chaos of Too Many Payment Options
October 14, 2025  |  Payments Innovation

Watch more: Need to Know: Priority, Sean Kiewiet Modern commerce has never offered customers more ways to pay or get paid. From cards, ACH, wires,...

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Top Payments Leaders on Why Trust Is the New Currency in Real-Time Money
Top Payments Leaders on Why Trust Is the New Currency in Real-Time Money
October 07, 2025  |  Payments Innovation

If 2025 has taught the payments and digital economy anything, it’s that volatility is now a feature, not a bug. Trade routes were replotted, consumer...

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Faster Payments Fuel Secure Cross-Border Trade and Quicker Refunds
Faster Payments Fuel Secure Cross-Border Trade and Quicker Refunds
October 02, 2025  |  Real-Time Payments

Watch more: Need to Know Merchants selling to customers across time zones are no longer willing to wait days for their money. As Ed Dean,...

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Citi Investor Services Extends Single Event Processing Technology to North America
Citi Investor Services Extends Single Event Processing Technology to North America
October 01, 2025  |  Banking

Citi Investor Services has begun rolling out its Single Event Processing technology in North America. SEP enables real-time asset servicing so that clients can have...

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HSBC Adds Real-Time Liquidity Tool for Treasurers
HSBC Adds Real-Time Liquidity Tool for Treasurers
September 30, 2025  |  Payments Innovation

HSBC launched a cash concentration solution that enables clients to optimize liquidity globally and in real time and gain greater flexibility and control over cash...

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