Fintech Finance

APRIL 24, 2025

New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instant payments significantly more attractive for U.S. 84% of US banks say the new $10 million RTP® limit boosts its attractiveness, and 84% believe raising FedNow’s $500,000 cap will have the same effect.

Transaction Limits 84

Transaction Limits RTP FedNow Instant Payments 84

Finovate

NOVEMBER 14, 2024

Payfinia’s IPX platform will play a key role in the CUSO, helping organizations leverage FedNow to offer instant payments while providing fraud prevention. Each transaction settled in less than five seconds. The CUSO is launching in partnership with Star One Credit Union, which invested $4.5 million in the organization.

Credit Union 59

Credit Union Same Day ACH Credit Union Service Organization FedNow 59

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. Surprisingly, earned wage access came in ninth place (29 per cent).

RTP 45

RTP FedNow Instant Payments Payee 45

The Paypers

APRIL 29, 2025

Findings from RedCompass Labs have indicated that the increasing transaction limits of RTP and FedNow are making instant payments more appealing to banks in the US.

RTP 48

RTP FedNow Instant Payments Transaction Limits 48

Nanonets

SEPTEMBER 1, 2023

The US Federal Reserve's new payment rail FedNow can shake up the landscape, offering significant time and cost savings. In this blog post, we delve into how FedNow could impact businesses and their vendor payment practices. What is FedNow? However, these modern payment options require trade-offs between speed and costs.

FedNow 52

FedNow Wire Transfer Federal Reserve ACH 52

Segpay

JUNE 13, 2024

What is FedNow? Last year, the Federal Reserve launched FedNow, an instant payment service expected to revolutionize the US payment landscape. Since its launch in July last year, about 700 banks and credit unions have joined the FedNow network, and this list is expected to grow as the Fed seeks 8,000 financial institutions.

FedNow 52

FedNow Federal Reserve Real Time Payments Instant Payments 52

Fi911

AUGUST 1, 2023

The US Federal Reserve has introduced FedNow ; a new instant payment platform that will facilitate transactions at any given time. What is FedNow? FedNow is the Federal Reserve’s innovative real-time payment service. FedNow is accessible to all banks and credit unions. However, participation is not mandatory.

FedNow 52

FedNow Federal Reserve Instant Payments Zelle 52