Tom Groenfeldt

JULY 17, 2025

TCH which operates the largest instant payments system in the United States said today that it averages 1.18 million payments each day, worth $481 billion, a 195% leap in value from the previous quarter. 1970s, was built to move funds in bulk and in batch while today’s users increasingly expect immediacy in payments.

Real Time Payments 248

Real Time Payments RTP TCH Payments 248

PYMNTS

NOVEMBER 18, 2019

To that end, according to Craig Ramsey, head of real-time payments at ACI Worldwide , the real-time payments focus in the United States through the present day has been on consumer propositions — sending money instantly between parties for groceries, restaurant bills and other expenses. The Merchants. The Corporate Case. In the U.S.,

Real Time Payments 49

Real Time Payments Consumer ISO 20022 Online and Mobile Banking 49

Faster Payments Council

SEPTEMBER 17, 2019

In addition, Kirstin emphasized that the Fed would like to understand how our members feel about other proposed characteristics of FedNow, including: irrevocability additional descriptors that can be included in the ISO 20022 message format the $25,000 transaction limit real-time confirmation of the validity of the receiver's account intraday credit (..)

FPC 68

FPC FedNow Fed Request for Comment 68

Nanonets

SEPTEMBER 1, 2023

In Accounts Payable, the importance of vendor payment methods often goes unnoticed despite their substantial influence on the overall cash flow, efficiency of the AP team, and profit margins. The US Federal Reserve's new payment rail FedNow can shake up the landscape, offering significant time and cost savings.

FedNow 52

FedNow Wire Transfer Federal Reserve ACH 52

FICO

APRIL 6, 2020

Instinctively, it feels like the onus for prevention sits with the payer’s bank where the payment is being initiated. The accounts receiving money may be under the control of a criminal, either because the account has been opened using a stolen or synthetic identity, or because the accountholder is participating in money mule activity.

Real Time Payments 52

Real Time Payments Money Laundering Payee Payments 52

PYMNTS

NOVEMBER 8, 2019

Thus far, commercial payments have lagged behind P2P transactions, finding traction across use cases such as replacing cash on delivery (and where Mastercard has just introduced Pay on Delivery ), making insurance payouts to consumers or paying wages to employees and gig workers.

RTP 40

RTP B2B Real Time Payments P2P 40