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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. The increase in limits has positioned RTP as a stable, reliable alternative to traditional wire transfers for high-value transactions, with large institutions like BofA demonstrating confidence in RTP’s security and reliability.

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Unlocking Instant Inbound Payments: Cross River Launches Request for Payment Solution

Trade Credit & Liquidity Management

This innovation addresses a longstanding imbalance in money movement: while outbound payments have become nearly instantaneous, incoming payments have typically relied on slower methods like ACH and wire transfers, which are limited by batch processing and banking hours.

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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Rise of Real-Time Payments (RTP) : Real-time payment systems are expected to grow by 15% annually , as consumers and businesses alike demand instant fund transfers. This demand has spurred initiatives like FedNow in the U.S. and similar systems in Europe, Asia, and Latin America, making 24/7 payments accessible worldwide.

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Cross River Launches Request for Payment (RfP) to Power Smarter, Real-Time Money Movement

Fintech Finance

A leader in instant payments and an early adopter of the RTP ® network, Cross River moves over $1 billion monthly in real-time disbursements across RTP ® and FedNow combined. Now, Cross River will be one of the first financial institutions to support RfP on the RTP ® network, paving the way for faster and more reliable pay-in options.

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U.S. Faster Payments Council Publishes Operational Considerations for Receiving Instant Payments Guideline

Fintech Finance

With contributions from industry experts, the guideline aims to help FIs enhance their operational readiness for real-time payments, including RTP® and FedNow®. I truly think this will be a huge asset to banks as they make their journey into the world of RTP and FedNow.”

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How FedNow will Disrupt Vendor Payments

Nanonets

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? These are bank-to-bank transfers similar to ACH or wire transfers.

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A Comprehensive Guide to FedNow

Payment Savvy

The Federal Reserve Bank is currently developing a new instant payment service called “FedNow” that will allow financial institutions to make instant payments. The FedNow Service will begin operating in July 2023 and it is the first U.S. Interoperability FedNow intends to work seamlessly with other payment networks.

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