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Real-Time Payments Go Live At ESL Federal Credit Union

PYMNTS

ESL Federal Credit Union , through a team effort with other organizations, has gone live with real-time payments on the RTP network. Also aiding the team effort is Levvel , a payments technology consulting firm. ESL has more than 374,000 members and 11,400 businesses as customers.

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RTP, Blockchain Make Inroads Within Corporations

PYMNTS

Through these technology providers, the RTP network is ready and available today for banks and credit unions of all sizes looking to provide real-time payment capabilities to customers,” said Russ Waterhouse , executive vice president of product development and strategy at The Clearing House.

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Happy First Birthday FedNow: But is This a Cause For Celebration?

The Fintech Times

Up to this point, US financial institutions have relied on The Clearing House ‘s (TCH) Real-Time Payments Network (RTP), run by big banks. Banks have a difficult choice between TCH’s RTP network and the new kid on the block, FedNow. In fact, in 2023 , real-time payments only made up one per cent of all payments in the country.

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