Faster Payments Council

MAY 17, 2021

RTP technology facilitates payments across all payment categories, including business-to-business (B2B), business-to-consumer (B2C), consumer-to-business (C2B), peer-to-peer (P2P), government-to-citizen (G2C), and account-to-account (A2A) transactions. Current status of RTP adoptions around the world How RTP is used?

RTP 88

RTP G2C C2B Use Case 88

PYMNTS

OCTOBER 2, 2019

As a result, he predicted that the entrenchment of faster payments will be a linear progression that moves from consumer-to-consumer (C2C) to consumer-to-business (C2B), then to business-to-consumer (B2C) to business-to-business (B2B). So, from the beginning, start with the individual consumer. Particularly in the U.S,

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

NOVEMBER 6, 2018

Demand is also heating up for real-time gross settlement (RTGS) systems. Such was the case in Hong Kong, where the existing RTGS system was only serving high-value interbank transactions, leaving peer-to-peer (P2P) and consumer-to-business (C2B) payments to languish. USD) per transaction.

Faster Payments 53

Faster Payments Real Time Gross Settlement (RTGS) Same Day ACH Cross-Border Payments 53

PYMNTS

MARCH 18, 2019

It is a bit of a curiosity – particularly since this new settlement window is not exactly new news. A third settlement window was part of NACHA’s original announcement in May of 2015 , of the unanimous adoption of SDA by all of the FIs in the U.S. In fact, it’s more like four years old.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

NOVEMBER 8, 2017

Originally, faster payment systems were primarily focused on the retail market [person-to-person (P2P) and person-to-business (P2B)], but increasingly business payments [business-to-person (B2P) and business-to-business (B2B)] are taking advantage of the benefits that faster payments offer,” FIS wrote in its report. Switzerland.

Real Time Payments 40

Real Time Payments B2B Innovation Faster Payments 40

PYMNTS

OCTOBER 16, 2019

In the always-on, 24/7/365 economy, payments that circle the globe should conceivably be as simple as those made in a peer-to-peer (P2P) transaction. The transaction wends its way across borders, in the middle of the night, settling instantly. The reality? API Advantages.

Cross-Border Payments 51

Cross-Border Payments Cross-Border Payment APIs and Integration SWIFT 51

PYMNTS

NOVEMBER 7, 2018

After two decades of tweaking and updating its existing Real-Time Gross Settlement (RTGS) system, Hong Kong determined it needed a new rail. RTGS was designed to support high-value, interbank transactions, but P2P and C2B payments typically took a day or two to clear, were processed only during work hours and cost up to HK $200 (US $25.5)

Faster Payments 49

Faster Payments Real Time Gross Settlement (RTGS) Payments C2B 49