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Real-Time Payments Are Soaring In The U.S.

Tom Groenfeldt

was slow getting to real-time payments , but the businesses and individuals are taking them up in a big way, using primarily the private sector RTP rails from The Clearing House (TCH). The number of real-time payments and their size of the payments has risen sharply in the last quarter. getty The U.S.

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The Clearing House Sees Growth In Its Real-Time Payments (RTP)

Tom Groenfeldt

Follow Author Apr 16, 2025, 05:09pm EDT Share Save Comment Real-time payments often travel over fiber optic cables getty Real-time payments (RTP) in the U.S lags well behind such advanced payments networks as those operated by India and Brazil. billion in mid-March, said Gregory MacSweeney, spokesman for TCH.

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Connected Devices, Instant Payments, Digital Shift Top This Week’s News

PYMNTS

It was a busy week for commerce and payments, as consumers are harnessing connected devices for digital-first shopping and firms are looking to harness tools to speed up business-to-business (B2B) disbursements and payments. How Visa, FIS, TCH, SWIFT, Nacha And Circle See The Future Of Faster, Real-Time Payments Rails .

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How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

There may be some tailwind, he said, as recent research has shown that the coronavirus can live for weeks on banknotes and other surfaces. Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a use case “that’s going to tip the scale here.”

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Deep Dive: Instant Payments Confront Long Path To Ubiquity

PYMNTS

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.

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Top News In Payments: Instant Payments Spread In The Gig Economy; Contactless Cuts Down On Counterfeit Fraud

PYMNTS

Today in the payments news roundup, almost 40 percent of U.S. workers are engaged with the gig economy at some level, and most of them are hoping that instant and faster payments continue to grow in scope. SCA Delay: A Payments Opportunity in Disguise? How AI Makes Claims Payouts Faster and Smarter.

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Deep Dive: Weighing The Federal Reserve’s Faster Payments Proposal

PYMNTS

This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 percent, according to a Markets and Markets Research report. . Numerous payments schemes have rolled out since the U.K. launched its own Faster Payments Service in 2008. billion in 2018 to $26.9