Fintech Finance

FEBRUARY 4, 2025

The RTP network has achieved a major milestone, surpassing 1 billion payments just 18 months after crossing the 500 million transaction mark. After taking more than five years to reach the first half a billion payments, the networks recent rapid growth underscores the expanding acceleration of instant payments adoption in the United States.

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RTP Volume Transactions Real Time Payments 59

PYMNTS

NOVEMBER 7, 2017

If the check bounces, the bank takes the funds back from the customer. Ingo offers an immediate funds availability option and essentially buys the check from the customer, as is the traditional check cashing model, and gives the customer all of their funds immediately for a fee.

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Checks Instant Payments Payments Payment APIs and Integration 42

The Fintech Times

FEBRUARY 4, 2025

However, the network’s growth reflects a changing attitude in the US payments market as businesses, consumers and the financial community turn their attention to instant payments. Surpassing one billion payments is a testament to the transformative impact of the RTP network.

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