Finextra

JULY 16, 2025

0 16 July 2025 Be the first to comment John Bertrand MD Tec 8 Limited Location London Followers 9 Opinions 66 Follow Unfollow Overview People like real time (RTP: instant) payments. EU mandated RTP recognises this, although implementation remains incomplete with a third of the banks yet to offer the service.

Cross-Border Payments

Payments Dive

JULY 11, 2025

Federal Reserve Bank shown at sunset in this 2023 photo. While the central bank delayed an implementation deadline multiple times, after a preliminary 2023 proposal, it says this one is for real. The Federal Reserve already put its new real-time payments system FedNow on the standard when it was launched in 2023.

ISOs

Payments Dive

JULY 21, 2025

Meanwhile, second-quarter volume at the older private rival RTP network, operated by The Clearing House, rose 8% to 107 million payments, compared to the first quarter, according to its release on Thursday. Both FedNow and RTP have been gradually increasing the limit size for the payments they are willing to handle.

Real Time Payments

Cardfellow

JUNE 16, 2025

FedNow is a real-time payment system created by the US Federal Reserve that went live in the summer of 2023. The most direct competitor is The Clearing House’s real time payment (RTP) Network, which offers real-time payments between participating financial institutions. What is FedNow? Are there competitors to FedNow?

FedNow

Tom Groenfeldt

APRIL 16, 2025

Subscribe To Newsletters The Clearing House Sees Growth In Its Real-Time Payments (RTP) By Tom Groenfeldt Follow Author Share Save Comment Innovation Enterprise Tech The Clearing House Sees Growth In Its Real-Time Payments (RTP) By Tom Groenfeldt , Contributor. All Rights Reserved. Even so, the U.S million in January to $2.8

Real Time Payments

Bank Automation

DECEMBER 20, 2023

The Clearing […]

RTP

Payments Dive

JANUARY 10, 2025

The high-speed payments system operated by The Clearing House also saw the value of transactions nearly double last year over 2023.

RTP

Fintech Finance

JUNE 25, 2024

headquartered in Texas, to deliver instant payments capabilities to the banks global business and consumer customers through the Federal Reserve’s FedNow® and The Clearing House’s RTP®. In 2023, 86 percent of businesses and 74 percent of consumers used faster or instant payments. According to a May 2024 Federal Reserve survey, U.S.

FedNow

PYMNTS

OCTOBER 12, 2020

He said there are going to be some institutions that will want to connect with both instant payment services — FedNow and The Clearing House (TCH)’s real-time payments ( RTP ) network — in a desire to ensure resiliency and redundancy to support outages in one system to the other, if they were to occur. The Timeframe .

Instant Payments

PYMNTS

AUGUST 10, 2020

But with a 2023-24 timeframe to implementation, the Fed’s efforts will take a while to cross the Rubicon from concept to reality. Waterhouse said that in terms of TCH’s own initiatives in getting banks on board the ongoing effort to make RTP ubiquitous across the entirety of the U.S. New Trends Emerging.

Real Time Payments

Faster Payments Council

MARCH 15, 2023

This in-person event will take place on March 20-21, 2023, at the Loews Kansas City Hotel. With the system joining the existing RTP system, both promising to modernize the way money moves and allow for greater use of instant payments, it seems the shift to real-time payments is 'inevitable'. What are your options?

FPC

Tearsheet

FEBRUARY 16, 2024

“Beyond extending our partnership with Mastercard, we intend to partner on innovating for the banks that use the network by looking for additional use cases that they’ve expressed interest in and that would help drive volume across RTP,” said Lee Alexander, Executive VP and CIO at The Clearing House.

Instant Payments

Fintech Finance

AUGUST 15, 2024

Instant payments use the FedNow service, developed and launched by the Federal Reserve in July 2023, and the RTP® network, launched in 2017 by The Clearing House. So far, over 1,000 banks and credit unions have signed on with either the RTP or FedNow networks, or both, and instant payment volume continues to grow. is growing.

Instant Payments

Fintech Finance

DECEMBER 13, 2023

Trustly , a global leader in Open Banking Payments, is proud to announce that it is seeing tremendous adoption of its Real-Time Payments (RTP®) service and has become one of the largest originators on the RTP® network. Specifically, Trustly’s RTP® volume grew 29% in transaction volume and 31% in payment value from Q2 2023 to Q3 2023.

RTP

Faster Payments Council

SEPTEMBER 23, 2023

This in-person event will take place on September 26-27, 2023, at the Hyatt Centric Beale Street Memphis in Memphis, TN. The presentation will diagram & outline how a reserve account is used for payment transactions from FedNow, ACH, RTP, etc.

FPC

Tearsheet

MAY 1, 2024

The RTP payments network reached a milestone by processing over 1 million payments in a single day on September 1, 2023. This hints at an opportunity for community banks to differentiate themselves by integrating RTP offerings, leveraging the evident gap in the market to their advantage.

Real Time Payments

Fintech Finance

JULY 18, 2024

This is the second time that CNBC and Statista have published the report, with Trustly also awarded in the first edition released in 2023. market, leveraging instant payments on both RTP and FedNow to optimize the experience. Alexandre Gonthier, CEO of Trustly Inc. Alexandre Gonthier, CEO of Trustly Inc.

FinTech

The Fintech Times

MAY 17, 2024

Tap to Everything There are six billion mobile devices in the world providing consumers with a versatile NFC enabled device primed to be ‘tapped’ At the end of 2023, Visa’s tap-to-pay penetration reached 65 per cent globally, up two times the penetration we saw in 2019, cementing tap as one of the best commerce experiences today.

Product

Finovate

MARCH 4, 2024

The Clearing House reported record usage of its RTP network in the third quarter of last year, when it reached 64 million transactions valued at $34 billion. Under the scaled up agreement, Galileo and The Bancorp will leverage The Clearing House’s Real Time Payments (RTP) network to fuel real-time payments services.

Real Time Payments

The Fintech Times

JANUARY 19, 2024

With the FedNow Service launch in July 2023, most institutions have established firm FedNow plans, with a 50 per cent year-over-year uptick in respondents who said they plan to connect within the year or sooner. ” The annual mid-tier bank payments modernisation survey report is based on data collected throughout 2023.

Faster Payments

Finextra

APRIL 24, 2025

With the launch of RTP in 2016 and FedNow in 2023, the foundational infrastructure for instant payments is finally in place - poised to revolutionise the speed, efficiency, and security of transactions across the economy. A special edition for Nacha's Smarter Faster Payments 2025.

Digital Payments

Faster Payments Council

AUGUST 23, 2024

It's time to confront the harsh reality—innovation alone doesn't drive broad adoption. Strategic shifts are required to unlock the full potential. However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments.

FPC

FICO

APRIL 20, 2023

Real-time Payments Growing in Use, Popularity Source: FICO Survey Consumers’ use of real-time payments (RTP) has grown more frequent. Throughout the countries we surveyed, RTP usage shows no signs of slowing. When asked what they like best about RTP, 87% of consumers admit it is the sheer speed with which they can transfer funds.

Real Time Payments

FICO

APRIL 26, 2023

According to the Australian Competition and Consumer Commission’s Scamwatch , for example, more than 57,000 scams were reported in the first two months of 2023 alone. According to the 2023 FICO Global Scams Survey , 51% of consumers worldwide believe their friends or family members have been victims of similar scams.

Scams

Fintech News

OCTOBER 15, 2024

In the US, the Federal Reserve’s FedNow system, released in July 2023, follows the Clearing House’s RTP Network, which has been adopted by over 285 financial institutions. PwC forecasts that cashless payments in the US and Canada will nearly double by 2030.

ISO 20022

PYMNTS

FEBRUARY 4, 2019

billion by 2023 — a CAGR of 30.9 TCH, which is co-owned by 25 banks, launched Real-Time Payments (RTP) in November 2017. They stated that major banks have too much control over the RTP system and that they regarded the Fed as a compelling and more equitable alternative to achieving payments ubiquity. billion in 2018 to $26.9

Faster Payments

PYMNTS

FEBRUARY 1, 2021

85% : Portion of financial executives who plan to adopt real-time payments (RTP) by 2023. Data: $302M : Approximate amount that Berlin Brands Group plans to invest in purchasing smaller companies. 65% : Share of companies that say the pandemic is prompting them to digitize their payments.

RTP

PYMNTS

AUGUST 6, 2019

The Fed is currently requesting comments on the design of the service — which it expects to make available in 2023 or 2024. The Clearing House, an association of the 26 largest banks , operates the RTP network — has in the past been open about its concerns for an instant payments platform built and operated by The Fed.

FedNow

Fintech Finance

MARCH 4, 2024

Using the RTP® network from The Clearing House, Galileo and The Bancorp are delivering instant money movement between bank accounts, enabling fintechs and brands to solve the longstanding cash flow challenges faced by small businesses (SMBs) and consumers looking to get fast access to their funds.

Real Time Payments

Tearsheet

MARCH 27, 2024

View the case study While the historical arrangement of paying employees bi-weekly remains the norm, around 20% of employers have veered toward a more flexible approach by introducing Earned Wage Access [EWA] as of 2023 in anticipation of increased employee satisfaction and better retention rates. Take, for example, DailyPay.

Instant Payments

Finezza

OCTOBER 11, 2024

Comment Gagner À Plinko Règles Man Jeu Plinko “jouez À Plinko Serve De L’argent 2023 Content Alors Comment Gagner Chez Plinko’s? Jeu Plinko Rapid Site Officiel Ni Jeu Plinko Quel Reste Le Rtp Sobre Plinko?

RTP

PYMNTS

AUGUST 8, 2019

When The Clearing House’s faster payments offering RTP went live in 2017 , The Clearing House Senior Vice President for Product and Strategy Steve Ledford pointed to the need for digitization in the business payments space. Business-to-business payments have been some of the most resistant to electronics,” he said at the time.

FedNow

Fintech Finance

MAY 2, 2024

The new technology, launched in October 2023, makes it easy for businesses and banks to verify the status of any type of bank account. Is built on RTP and FedNow with a Same Day ACH fallback – guaranteeing coverage of all consumer and business bank accounts in the U.S.

Verification

PYMNTS

AUGUST 12, 2019

TCH cleared its first RTP transaction on November 14, 2017. A few of them already have – but almost two years later, it isn’t clear whether any of this has led to much RTP activity. The FedNow announcement injects a lot of uncertainty into how RTP will evolve in the U.S. Maybe that’s the Fed, or maybe that’s someone else.

Real Time Payments

The Fintech Times

JULY 24, 2024

In 2022, Nick Stanescu , business executive at FedNow Service said : “The Federal Reserve’s FedNow Service will allow financial institutions of all sizes to offer safe and instant payment services for their customers when it launches in 2023.” Banks have a difficult choice between TCH’s RTP network and the new kid on the block, FedNow.

FedNow

PYMNTS

AUGUST 21, 2018

Corporate customers can now originate RTP transactions to corporate or consumer receivers via the bank’s PINACLE online and mobile banking portal, or through API and file transmission. Funds transferred using RTP are available to receivers within seconds, the financial institution (FI) noted.

RTP

FICO

FEBRUARY 19, 2020

The Clearing House Association announced in January 2020 that on February 1 st the limit for a single transaction using their RTP scheme will increase from it’s current $25,000 to $100,000. US payment schemes operate in a uniquely competitive environment.

Real Time Payments