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RTP® and FedNow Transaction Limit Increases Fuel Instant Payments Surge

Fintech Finance

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.

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Higher Limits Power B2B Real-Time Payment Volumes

Trade Credit & Liquidity Management

Rival network FedNow raised its own limit from $500,000 to $1 million on June 24, 2025. FedNow’s higher transaction limit is expected to gain increased B2B acceptance and use as well. Since the increase, Bank of America (BofA) reports that transactions over $1 million now account for more than half the total value of U.S.

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Business clients demand FedNow, RTP capabilities from their banks

Bank Automation

Business clients are demanding instant payment services from their financial services providers as they look to streamline payment processes.

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Stripe Acquires Orum for Undisclosed Amount

Finovate

Stripe is acquiring payment orchestration startup Orum to enhance its real-time payments capabilities, including FedNow, RTP, and AI-driven instant payouts. Orum was founded in 2019 to serve as a single solution for accessing RTP, FedNow, Same Day ACH, ACH, and wires. Terms of the acquisition were not disclosed.

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Why FedNow’s ‘send’ function is an opportunity for banks

Bank Automation

The Federal Reserve’s FedNow payment rail, heading into its third year, is increasing payments volume and value as it onboards financial institutions, but most join the payment rail in receive-only mode.

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RedCompass Labs Reveals 8 in 10 US Banks are Happy With RTP and FedNow Instant Payments Limits

The Fintech Times

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. Over one in 10 (12 per cent) expect that surge to top 50 per cent.

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Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

Frameworks like the Third Payment Services Directive (PSD3) in Europe, FedNow in the US, and ISO 20022 globally are reshaping how financial data is handled, mandating clearer rules on token lifecycle management, consent orchestration, and data portability.