With today's tech, you'd think that bank transfers would be free and instantaneous. And you'd be wrong. Free, near-instant ...

It's time to drag sclerotic, paper-based U.S. federal payment operations into the digital future. The technology exists, and ...

The Somalia Payment Switch (SPS1), payments infrastructure under Central Bank of Somalia, has introduced an Instant Payment System that includes ... Somali consumers can now make instant transfers ...

Little more than five years ago, staff at Brazil’s central bank pulled out all the stops in the midst of the pandemic to ...

“This funding milestone of Higala will greatly benefit its robust ecosystem, which now includes an instant payment system, a platform bank, and an extensive network of collaborators who are all ...

All of the winners of the Central Banking Awards 2025 have now been announced. Two of the top prizes went to the Bank of ...

Faster (Instant ... payments creates a further requirement of ensuring that data and analytics on the customer and bank account is also updated in real-time. Today most bank/PSP systems are ...

“The slow payment system is more profitable to them.” To understand why, let’s back up for a second. How, exactly, does money move around the banking system right now? The main ...

The Federal Reserve Financial Services, the Federal Reserve’s payment division that manages the US payment system has expanded its instant payment network to over 1,300 financial institutions, said ...

The same has been addressed now and the system has stabilised. Regret the inconvenience," the payment regulator said in a post on X. The Unified Payments Interface (UPI) is an instant payment ...