Comparing and Contrasting FedNow and the RTP Network

How One Banker Sees FedNow and RTP® Faster Payments Evolving 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.