Cover for the PYMNTS and The Clearing House July 2023 “Real-Time Payments Tracker®: Comparing and Contrasting FedNow and the RTP® Network”

How One Banker Sees FedNow and RTP® Faster Payments Evolving

Real-Time Payments Tracker®: Comparing and Contrasting FedNow and the RTP Network

The RTP® network has dominated the real-time payments industry in the U.S. since its 2017 launch, but the recent addition of FedNow to the mix could supercharge real-time payments by bringing healthy competition to the space, Corporate One Federal Credit Union’s Christine Mayes tells PYMNTS in the latest edition of the “Real-Time Payments Tracker®,” a collaboration with The Clearing House.

Inside the July Tracker

  • Christine Mayes, executive vice president at Corporate One Federal Credit Union, details how she believes the launch of FedNow will bring healthy competition to the real-time payments industry.
  • Payments Canada said that it will review its delivery risks over the next three months in anticipation of the Real-Time Rail scheme’s launch date and will also use this time to undergo additional testing and investments.
  • This month’s PYMNTS Intelligence examines FedNow’s capabilities as well as the key differences and similarities between FedNow and the RTP® network.

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