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

Only 2% of Firms Report Fraud on Real-Time Rails
Only 2% of Firms Report Fraud on Real-Time Rails
November 14, 2025  |  Real-Time Payments

For years, banks have treated real-time payments like an unlocked door. Open too wide and fraud might slip through. But new data show that those...

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Mastercard, Thunes Partner on Stablecoin Payments for Wallets
Mastercard, Thunes Partner on Stablecoin Payments for Wallets
November 13, 2025  |  Cryptocurrency

Mastercard launched a stablecoin-focused partnership with money-movement firm Thunes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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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. Get the Full Story...

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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 Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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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

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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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 Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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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. Get the Full Story Complete the form to unlock this...

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