Business clients demand FedNow, RTP capabilities from their banks
Bank Automation
JANUARY 30, 2025
Business clients are demanding instant payment services from their financial services providers as they look to streamline payment processes.
FedNow Real Time Payments Volume 
RTP payment volume up 94% in 2024
Bank Automation
JANUARY 9, 2025
The Clearing House Real Time Payments network grew 94% year over year on a dollar basis in 2024 as it continued to benefit from the Federal Reserves marketing of FedNow. TCH moved $246 billion on its network in 2024 and increased transaction volume by 38% YoY to 343 million transactions, according to a Jan.
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Real-Time Payments Move Past Early Adopters
PYMNTS
NOVEMBER 25, 2020
The tipping point toward real-time payments’ ubiquity might be closer than many observers think, Mark Ranta , payments practice lead at FinTech Alacriti , told PYMNTS in a recent interview. And beyond TCH and RTP, the Federal Reserve’s FedNow real-time payments solution looms.
FedNow looking to drive payments volume
Bank Automation
JULY 10, 2024
Demand for real-time payments continues to grow globally, and the launch of the Federal Reserve’s real-time payments rail, FedNow, one year ago offers another avenue to send and receive funds instantly. Real-time transactions are predicted to reach 575.1
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Why FedNow Will Slow Real-Time Payments
PYMNTS
AUGUST 12, 2019
It’s also not why the Fed decided to enter the real-time payments fray. The Real-Time Payday Reality. Igniting a network at scale and right out of the box can be a real pain, as the litany of failed payments startups knows all too well. It’s a pretty bold claim. Much later.
Elite Acquires Tranch, a Leading B2B Payments Platform, to Transform Billing and Payment Processes for Law Firms
Fintech Finance
JANUARY 6, 2025
Founded in 2021 by Philip Kelvin and Beau Allison, Tranch has set a new standard for law firms in the management of invoices and payments, enabling firms to streamline and automate their payment processes and increase cashflows through improved speed and efficiency in invoice delivery, billing and collections.
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RedCompass Labs Reveals 8 in 10 US Banks are Happy With RTP and FedNow Instant Payments Limits
The Fintech Times
APRIL 27, 2025
Instant payments are becoming significantly more attractive for US banks finds RedCompass Labs , the payments experts, as it finds that 84 per cent of US banks say the new $10million Real-Time Payment (RTP) network limit and $500,000 FedNow cap are a good thing.
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The Fed Debuts FedNow
PYMNTS
AUGUST 6, 2019
Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer an option for consumers and business to transfer money instantly or nearly instantly in a “ubiquitous, safe and efficient” manner from one bank account to another. “We Why Now For FedNow.
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Mastercard and The Clearing House deepen their partnership to zero in on new instant payments applications
Tearsheet
FEBRUARY 16, 2024
“Beyond extending our partnership with Mastercard, we intend to partner on innovating for the banks that use the network by looking for additional use cases that they’ve expressed interest in and that would help drive volume across RTP,” said Lee Alexander, Executive VP and CIO at The Clearing House. This encompasses a variety of aspects.
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Tokenisation 2.0: Are we ready for the next generation of payment security?
The Payments Association
JUNE 3, 2025
Regulatory considerations and data sovereignty Tokenisation, playing an increasingly central role in payments infrastructure, has brought attention from regulators. With FedNow enabling instant payments in the US, speed and reliability become non-negotiable.
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Small FIs onboard FedNow for growth, efficiency
Bank Automation
OCTOBER 4, 2024
As real-time payments become integral to growth strategies, small financial institutions are increasingly signing on with instant payment rail FedNow to boost transaction volume and improve efficiency.
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Real-Time Payments: What’s Ahead, and How to Fight Fraud
FICO
AUGUST 26, 2021
As it happens, there’s a lot more happening in the real-time payments arena than just PayPal, Venmo and Zelle. Let’s take a look at the current trends, with a focus on the US, and how banks can better arm themselves to fight fraud in this rapidly growing payments channel. in addressable payment volume.
How Banks Can Overcome 10 Challenges with FedNow Payment Sending and Acceptance
Finovate
OCTOBER 16, 2024
FedNow, the U.S. Federal Reserve’s instant payment service went live in July of 2023. Now, 15 months later, adoption rates have been unpredictably slow, especially when it comes to banks that are able to send FedNow payments. Of the FedNow participants, 78% are community banks and credit unions.
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Happy First Birthday FedNow: But is This a Cause For Celebration?
The Fintech Times
JULY 24, 2024
Last year, the US Federal Reserve launched FedNow as a competitive alternative for instant payments in the US. Celebrating its first birthday, we review how the instant payments service has been adopted over the past year. However there is one difference: FedNow is primarily targeted at banks – not at consumers.
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Google Backs FedNow Payments System
PYMNTS
DECEMBER 16, 2019
central bank to consider modeling FedNow after the Unified Payments Interface (UPI) framework used in India, The Economic Times (ET) reported on Sunday (Dec. FedNow is the new interbank real-time gross settlement (RTGS) service that will offer integrated clearing functionality for faster digital payments.
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Ingo Money Dives Into Real-Time Payments Ubiquity Challenges
PYMNTS
NOVEMBER 13, 2019
Faster payments continue to gain traction in the U.S., However, real-time payments (RTP) have a long way to ubiquity, and while each payment rail has its advantages, each also has drawbacks that could stifle efforts for near-universal adoption. Payment Rail Collaboration. In the U.S., ” In the U.S.,
Most Successful Real-Time Payments Regions Are APAC and MEA Finds ACI Worldwide and GlobalData
The Fintech Times
MAY 1, 2024
ACI Worldwide , the payments system company, and GlobalData , the data and analytics firm have worked together on a new report revealing which real-time payments markets across the world are the most successful. The report is aptly timed as global real-time payments growth has reached sustainable levels with 266.2
Federal Reserve Financial Services Introduces FedNow® User Group to Promote Collaboration, Engagement Among More Than 600 FedNow Participants
Fintech Finance
MARCH 15, 2024
Federal Reserve Financial Services (FRFS) has introduced the new FedNow User Group to continue promoting collaboration among the 607 participating financial institutions and their service providers on the FedNow Service network.
FedNow And ISO 20022 Are Here — What Now For FIs And Faster Payments?
PYMNTS
OCTOBER 1, 2019
Fifty-four faster payment schemes — and counting. Real-time payments are on the radar for most banks, and the opportunity is there to grow top lines and cement customer relationships. Other value propositions include mobile devices enabled to do push payments. In the U.S.,
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69 FPC 2024 Fall Member Meeting
Faster Payments Council
AUGUST 23, 2024
It's time to confront the harsh reality—innovation alone doesn't drive broad adoption. However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments. cross-border ambitions continue to increase.
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Global Real-Time Payments Growth “Sustainable” as New Use Cases Push Transactions to Record Highs – ACI Worldwide Report
Fintech Finance
APRIL 30, 2024
Global real-time payments growth has reached sustainable levels with 266.2 billion real-time payments transactions recorded in 2023—a year-over-year (YoY) growth of 42.2%—according billion real-time transactions are forecast by 2028, representing a 2023-2028 compound annual growth rate (CAGR) of 16.7%.
51% of Bankers Expect FedNow Payments to be Profitable within Three Years
Fintech Finance
JANUARY 30, 2024
Finzly , the pioneering provider of modern payment infrastructure for financial institutions, today published a report that includes polling results of bank executives’ expectations for profitability from offering instant payments using FedNow. To read the full report with poll findings go here.
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100+ Payment Industry Terms Explained in Plain English
Clearly Payments
MAY 22, 2025
Effective Rate Your total fees divided by total volume. Volume Cap A limit on how much a merchant can process per month. FedNow A new U.S. real-time payments system developed by the Federal Reserve for instant transfers between banks. Blended Rate A mix of different fees combined into one rate.
Trustly to Process $100 Billion Annually, Leading the Pay by Bank Surge
Fintech Finance
OCTOBER 23, 2024
s guaranteed payments have grown by 50% in volume. The Open Banking Payments leader also expanded its partnership with Cross River Bank earlier this year to include FedNow in addition to the Real-Time Payments (RTP) network, where Trustly, Inc. In the past year, Trustly, Inc.’s Trustly, Inc.’s
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FPC 2023 Fall Member Meeting
Faster Payments Council
SEPTEMBER 23, 2023
MEETING AGENDA Tuesday, September 26 10:00am-12:30pmCT: Registration/Check-In (Foyer) 12:30pm-12:40pmCT: Opening Remarks (Foundry Ballroom) Speakers: Michael Bilski, FPC Board Chairperson; Reed Luhtanen, FPC Executive Director 12:45pm-1:25pmCT: Panel Session – What Commerce Experience Do We Want in Faster Payments?
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US Banks Are ‘Conflicted With Worries’ as Demand for Instant Payments Grows; Reveals RedCompass Labs
The Fintech Times
MAY 7, 2024
Across much of the world, instant payments have quickly become the norm. In fact, less than a third of US banks are signed up to either RTP or FedNow , meaning the vast majority cannot offer instant payments as a service; new research from RedCompass Labs , the payments modernisation company, has revealed.
Modern payments system provider Finzly doubles revenue growth in 2023
Fintech Finance
JANUARY 15, 2024
Finzly , the pioneering provider of modern payments systems has announced that its 2023 revenue growth doubled over 2022, and its payments platform volume grew by more than 400%. Booshan Rengachari, CEO of Finzly, commented : “2023 was a truly remarkable year for Finzly.
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Finastra Leaders Predict Top Fintech Trends For 2024
Fintech News
DECEMBER 12, 2023
.” Rise of instant payments in 2024 Source: Freepik Barry Rodrigues , EVP of Payments at Finastra highlights that instant payments are set to be a major focus in 2024, building on the momentum of initiatives like the US FedNow Service and the European Commission’s move towards instant euro payments.
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Finastra Leaders Predict 2024 Fintech Trends Amidst Global Challenges
Fintech News
DECEMBER 12, 2023
.” Barry Rodrigues , EVP of Payments at Finastra highlights that instant payments are set to be a major focus in 2024, building on the momentum of initiatives like the US FedNow Service and the European Commission’s move towards instant euro payments.
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B2B Use Cases Drive Up Real-Time Demand
PYMNTS
NOVEMBER 3, 2020
In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. OpenPayd Debuts Real-Time FX.
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Modern Treasury Launches Professional Services to Drive Payments Transformation in the Enterprise
Fintech Finance
MARCH 28, 2024
The offering also includes a custom solutions advisory focused on payment and ledgering strategy and long-term decisions related to unlocking value from payments and reconciliation systems. We’ve built the only payments platform designed to solve the challenge of money movement at scale.
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Deep Dive: Instant Payments Confront Long Path To Ubiquity
PYMNTS
JANUARY 23, 2020
Payments made with cash and checks are dropping in volume — the use of cash alone declined 40 percent over the past five years in Canada. Instant payments started 2020 on a high note, however, with the adoption of real-time payments and other speedy disbursement methods increasing over the past few years.
Adyen, Davi Strazza (President North America) — Growing a Global Payments Powerhouse
Wharton Fintech
MAY 2, 2024
Were connected to FedNow. We also worked on connecting to the clearance house for real time payments. Regarding FedNow, Adyen was one of the first fintech platforms certified by the Federal Reserve to utilize its instant payment infrastructure. Therefore, it expanded also what we could do for our customers.
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How Advanced Technology is Driving Authorized Push Payment Fraud
Seon
APRIL 18, 2024
To compete against APP fraud’s uptick in volume and velocity – expected to double by 2026 – companies must embrace advanced solutions that are as agile and scalable as the threats they face. Digital footprinting examines information from online activities and real-time social signals to ascertain identification and behavioral validity.
Payment Rail Innovators Eye Speed For Corporates
PYMNTS
MARCH 3, 2020
Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed – even for corporate payments. New research reveals that B2B payments are is expected to account for the largest portion of faster payments volume in the U.S.,
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The shifting EWA regulatory framework and its impact on bank partnerships and instant payment adoption
Tearsheet
MARCH 27, 2024
This also brings into question whether these regulatory shifts and business reorganizations could curb the potential for increased adoption of instant payments, which may have seen an upswing due to the popular use case of EWA, especially among regional banks. While instant payments volume is expected to grow to 11.4
An Overview of FedNow and Bank to Bank Transfer Payments in USA
Clearly Payments
MAY 21, 2025
One of the most significant recent developments in this space is the introduction of FedNow , a real-time payment system launched by the Federal Reserve in 2023. This article explores the mechanics and implications of FedNow and other bank-to-bank transfer options for U.S. What Is FedNow?
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The Clearing House Sees Growth In Its Real-Time Payments (RTP)
Tom Groenfeldt
APRIL 16, 2025
Subscribe To Newsletters The Clearing House Sees Growth In Its Real-Time Payments (RTP) By Tom Groenfeldt Follow Author Share Save Comment Innovation Enterprise Tech The Clearing House Sees Growth In Its Real-Time Payments (RTP) By Tom Groenfeldt , Contributor. All Rights Reserved. Even so, the U.S
Aeropay Expands Banking Network Through Partnership with Regent Bank, Enhancing Payment Flexibility
Fintech Finance
MARCH 5, 2025
Regent Bank, a trusted institution known for its innovative financial services, joins Aeropay’s growing ecosystem of banking partners, offering clients and end-users access to ACH, Real-Time Payments (RTP), and FedNow services. FedNow : A new, fast payment service facilitating immediate funds availability.
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