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Introduction on RTP and its adoption around the world. While real-time payments (RTP) was previously considered an infrastructure luxury, it has now become a common method of payment in many parts of the world. This adoption has changed the payments landscape. This adoption has changed the payments landscape.
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'. FedNow may not interoperate with RTP, and it doesn't seem to be a priority for either.
The program will let companies make real-time payments for goods and services. As reported in this space in tandem with the Pay on Delivery announcement, the solution leverages the RTP network from The Clearing House for real-time payments clearing and settlement capabilities. OSG Billing Services and Transactis.
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