The benefits of real-time payments may be readily apparent to financial institutions (FIs) — as they can serve their clients with new use cases, including pay by bank and immediate payroll deposits. They can foster strong relationships with commercial customers with speedier and more transparent...
It took the RTP® network more than five years to surpass 500 million instant payments. Getting to the 1 billion mark didn’t take nearly as long. Eighteen months after reaching 500 million payments, the network has more than doubled that figure, The Clearing House, which...
Eight years after launching the RTP® instant payments network, The Clearing House logged a stellar 2024. Early Wednesday (Jan. 8), the consortium announced that more than $246 billion moved over the RTP network in 2024, up 94% from 2023. Transaction volume was up 38% to...
Many financial institutions remain hesitant to adopt real-time payments due to concerns over legacy system upgrades, fraud risks, and customer demand. A PYMNTS Intelligence report explores these barriers and the importance of partnerships and rethinking consumer interest to drive wider adoption of real-time payment solutions....
March 17, 2025
The Clearing House’s RTP network launched in 2017. The FedNow Service, the central bank’s foray into real-time payments, debuted in the summer 2023. And yet real-time payments — while getting some serious global traction — still have a lot of runway left for consumers and businesses. Daniel Stanton, managing director and global head of Transactional […]
March 14, 2025
The benefits of real-time payments may be readily apparent to financial institutions (FIs) — as they can serve their clients with new use cases, including pay by bank and immediate...
January 08, 2025
Eight years after launching the RTP® instant payments network, The Clearing House logged a stellar 2024. Early Wednesday (Jan. 8), the consortium announced that more than $246 billion moved over...
January 06, 2025
Many financial institutions remain hesitant to adopt real-time payments due to concerns over legacy system upgrades, fraud risks, and customer demand. A PYMNTS Intelligence report explores these barriers and the...
February 03, 2025
It took the RTP® network more than five years to surpass 500 million instant payments. Getting to the 1 billion mark didn’t take nearly as long. Eighteen months after reaching 500 million payments, the network has more than doubled that figure, The Clearing House, which operates the RTP network, announced Monday (Feb. 3). “After taking […]
December 04, 2024
The Clearing House plans to raise its instant payment network’s individual transaction limit. Starting next year, the RTP® Network will allow individual transactions of up to $10 million, The Clearing...
July 10, 2024
The RTP network set records in terms of both the number of transactions and the value of payments it enabled in the second quarter. The instant payments system operated by...
April 04, 2024
Trustly and Cross River Bank have expanded their collaboration in instant payments to include the FedNow® Service. With this addition, Trustly’s merchants will benefit from new capabilities to optimize the routing of funds instantly...
