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RTP® Network Doubles Volume in 18 Months, Surpassing 1 Billion Transactions and Driving U.S. Payment Innovation

Fintech Finance

The RTP network has achieved a major milestone, surpassing 1 billion payments just 18 months after crossing the 500 million transaction mark. This extraordinary increase reflects the growing demand for faster, more transparent, and always-available payment solutions from consumers, businesses, and the financial community.

RTP
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The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

Such systems can offer everything from swifter settlement times to easy payment status tracking, but such benefits require widespread adoption. Consumers and businesses do not want to use new payment networks unless they believe others are already using them, creating a chicken-and-egg problem. Facilitating Uptake.

RTP
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Real-Time Payments Steps Up To Fulfill Demand For Faster Funds

PYMNTS

Financial institutions (FIs) and other financial services providers are looking to help meet the need for speed by leveraging various faster payment rails that support an array of payment methods,” according to PYMNTS’ latest Real-Time Payments Report done in collaboration with The Clearing House.

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Real-Time Data Closes Buyer/Seller B2B Payments Gap

PYMNTS

Bloh recently spoke with Karen Webster about the opportunities to optimize B2B payments through A2A capabilities that support a variety of payment modalities — including real-time payments (RTP) — and how data connectivity with the ERP further closes the gap between buyer and supplier. The Account-To-Account Connection.

B2B
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The Acceleration Of Payment Rails, Old And New

PYMNTS

This week’s examination of the latest innovation initiatives finds this to be true both for innovators exploring ways to improve existing rails — like ACH — as well as those that have embraced the development of entirely new rails, including real-time payments (RTP) and blockchain-powered transactions.

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U.S. Bank On Helping Businesses Pick Faster Payment Options

PYMNTS

Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. PYMNTS research found that microbusinesses say they are more likely to partner with payers that deliver rapid payment experiences. percent of payers said they offered them.

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PNC Automates Faster Payments Choice For Corporate Treasurers

PYMNTS

The decision will be made based upon an array of factors, including which payment method offers the lowest cost to the payer, enables the fastest delivery and other parameters pre-established by the treasurer client. If not, the payment will then automatically be initiated via ACH.