Abstract: System, method, and computer program product are provided for a user to send and receive expedited P2P payments. In some embodiments, payment instructions may be sent from one financial institution to another financial institution, and based on those instructions and a “promise to pay”, the receiving FI posts the payment to the recipient's account within a short period of time, such as within minutes. Actual settlement of the payment may occur during the next settlement cycle or at some future time or cycle as agreed. This benefits the customer because the customer has the ability to send funds to a recipient in an expedited timeframe.