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When The Clearing House (TCH) unveiled the Real-TimePayments (RTP) system in 2017, it propelled swifter payments and brought about the next generation of fund transfers. It wasn’t the first to roll out such a system, but it was the first “major payments upgrade” in the U.S. in approximately four decades. .
Realtime, ready for prime time? Adoption of any new payments service does not happen overnight. And when it comes to 24/7 real-timepayments, adoption by businesses, and by consumers, will be pushed ahead use case by use case and transferring funds between accounts in minutes or seconds will gain traction.
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