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

Liquidity Management Becomes the Next Test for Real-Time Payments

Liquidity Management Becomes the Next Test for Real-Time Payments
Liquidity Management Becomes the Next Test for Real-Time Payments
June 30, 2026  |  Real-Time Payments

Real-time payment networks have changed the speed at which money moves. The greater challenge now lies in ensuring institutions can support that movement without creating...

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Faster Payments Give AR Teams Less Time to Be Wrong
Faster Payments Give AR Teams Less Time to Be Wrong
June 15, 2026  |  Fraud Prevention

For decades, accounts receivable has operated on the assumption that there would be time to fix mistakes after money moved. But as instant and near-instant...

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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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