Finextra

JULY 23, 2025

Headlines trumpet the arrival of instant payments, real-time rails, and millisecond processing times as if velocity were the sole measure of progress. Yet this singular focus on speed misses a fundamental truth: enterprises dont just want faster payments—they want smarter, more reliable, and more strategic payment systems.

Real Time Payments

Payments Dive

JULY 11, 2025

Mesut Dogan via Getty Images Financial institutions that seek to send payments via the Federal Reserve’s Fedwire Funds Service must migrate to a new international standard come Monday. That’s when banks are required to begin using the ISO 20022 standard for electronic payments they choose to send over that Fed real-time settlement rail.

ISOs

Fintech Finance

AUGUST 15, 2024

Modern Treasury , essential infrastructure for the new era of payments, has announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Instant payments, powered by the first new payment rails in the U.S.

Instant Payments

Fintech Finance

DECEMBER 5, 2024

The Clearing House , the operator of the RTP® network, the largest instant payments system in the United States, will raise the individual transaction limit to $10 million. The RTP transaction limit has been $1 million since April 2022, when the limit was increased from $100,000. million transactions valued at $25.7

Transaction Limits

Tearsheet

FEBRUARY 16, 2024

Mastercard recently expanded collaboration with The Clearing House (TCH), with the shared goal of propelling the adoption of instant payments. This extended partnership will focus on integrating additional instant payment use cases across a range of payment flows for consumers, businesses, and governments.

Instant Payments

PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. The Timeframe .

Instant Payments

PYMNTS

JUNE 21, 2020

Virginia’s Chesapeake Bank has joined The Clearing House’s Real-Time Payments (RTP) network, showing that smaller community banks have joined the new trend of enabling instantaneous payments and receipts for customers, a press release said. The move will also allow the bank to access advanced messaging capabilities.

RTP

PYMNTS

AUGUST 10, 2020

You’d be forgiven for thinking that faster payments might be the purview of the U.S. Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. But it might not be the Federal Reserve ’s doing. New Trends Emerging. Jack Henry … And Aiming For Ubiquity.

Real Time Payments

PYMNTS

MARCH 9, 2020

Even the most convenient, feature-filled payment rails will fall flat if nobody can be convinced to try them. Such systems can offer everything from swifter settlement times to easy payment status tracking, but such benefits require widespread adoption.

RTP

The Fintech Times

APRIL 8, 2024

The Clearing House , the US-based payments network provider, processed a record 76.4 The Clearing House also revealed that March became a record month for its real-time payments (RTP) network, boasting over 26 million transactions across the month. 1 March 2024 also became the single day with the most transactions at over 1.25

RTP

PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. Lael Brainard said the coronavirus crisis has heightened the need for instant payments.

Fed

Faster Payments Council

AUGUST 23, 2024

However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments. However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments.

FPC

PYMNTS

APRIL 29, 2019

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. A London-based manufacturer can’t rely on the U.K.’s Current Efforts .

Interoperability

PYMNTS

JANUARY 26, 2021

According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-Time Payments) network advancements, including instant payroll, merchant settlements and tokenization.

Real Time Payments

PYMNTS

SEPTEMBER 23, 2020

FIS has partnered with The Clearing House (TCH), the operator of the nation’s payments system infrastructure to provide instant settlements to small to mid-sized banks and credit unions (CUs) and their customers. As our volume of real-time payments grows, we can easily scale to meet the growing demand.”.

RTP

Finovate

MARCH 8, 2024

Sila has partnered with Trice to leverage the company’s safeguards for instant payments. Sila combines FedNow and The Clearinghouse’s RTP to allow ACH transactions to be settled in seconds. There has been some movement in the instant payments world this week.

Real Time Payments

PYMNTS

AUGUST 6, 2019

The Fed plans to build its own instant clearing and settlement rails. For the new inter-bank system, the Federal Reserve will speed up its settlement and clearing processes for payments between banks. The main issue is a concern that an updated Fed system could result in a delay in the adoption of real time payments.

FedNow

Fintech Finance

APRIL 15, 2024

Sopra Banking Software (SBS), the global financial technology company that more than 1,500 financial institutions rely on to digitally transform the way they operate, today announced the availability of its cloud-based Instant Payments solution.

Instant Payments

Fintech Finance

JANUARY 24, 2024

Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network.

Real Time Payments

PYMNTS

SEPTEMBER 24, 2020

Between the Office of the Comptroller of the Currency clearing the way for financial institutions (FIs) to embrace stablecoin, and The Clearing House's latest real-time payments (RTP) push, new payment rails continue to gain traction. FIS, The Clearing House Link For Real-Time Payments. BELLIN Secures SWIFT gpi Label.

Office of the Comptroller of the Currency

PYMNTS

FEBRUARY 8, 2018

to Singapore have long been home to real-time payment schemes, but speed lagged behind when it came to America. It wasn’t until November 2017 that The Clearing House (TCH) debuted its Real-Time Payments (RTP) scheme — a system that isn’t expected to see across-the-board adoption until 2020. The faster payments promise.

RTP

PYMNTS

FEBRUARY 4, 2019

TCH, which is co-owned by 25 banks, launched Real-Time Payments (RTP) in November 2017. The new rail facilitates 24/7 payment clearing and settlement in real time. Against this backdrop, the Federal Reserve proposed creating its own real-time payments service in October 2018. The Federal Approach. Dissenting Views.

Faster Payments

PYMNTS

MARCH 18, 2019

Then came PayPal’s debut of Instant Transfer to Bank. This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. the other being the Fed.

Faster Payments

PYMNTS

SEPTEMBER 24, 2020

Take, for example, something like same-day settlement. That gives the firm the ability to quickly roll out instant-payments capabilities and communicate and engage with merchants on such an offering, which makes the addition much easier to get going. . .

Checks

PYMNTS

MARCH 29, 2019

However, the reported success of RT1 in Germany doesn’t mean these kinds of faster payment systems are taking off everywhere. The European Commission, for example, is expressing concerns over the lukewarm reception toward its TARGET instant payment settlement (TIPS) system. In the U.S., Find the full story in the Tracker.

Faster Payments

Trade Credit & Liquidity Management

APRIL 10, 2025

(Photo by Joshua Hoehne on Unsplash ) Core Networks for Real-Time B2B Transactions Here are the B2B real-time payment solutions currently available in the U.S., Fintech-Enabled Solutions: Platforms like Routable specialize in scaling RTP for vendor/contractor payments, including seamless integration with accounting systems (e.g.,

Real Time Payments

PYMNTS

JANUARY 25, 2019

Some financial institutions (FIs) are seeking to help their corporate clients tap into real-time payments (RTP) to keep up the pace. . “We We might be at a tipping point in the market, [in which] the market just demands faster payments,” said Matt Richardson, head of product solutions at Citizens Bank. . as an example.

Real Time Payments

Fintech Finance

MARCH 31, 2025

. “Consumers and business appreciate the convenience and security provided with electronic payments. We see growth in all our payment networks, particularly with instant payments and same day ACH payments.” ” Electronic payments are increasing across all payment rails.

ACH Network

PYMNTS

JANUARY 24, 2019

It’s expected that more than 56 real-time payment rails will be live by 2020, and the U.S. is hoping to attain real-time payments ubiquity by that point. The demand for faster payments is strong in the U.S., Faster payments aren’t just advancing on national and multinational levels, however. About The Tracker.

Federal Reserve

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. In fact, in 2023 , real-time payments only made up one per cent of all payments in the country.

FedNow

Finovate

OCTOBER 21, 2024

However, many businesses still struggle with cross-border payments, frustrated by hidden costs and unpredictable settlement speed. Mastercard Move Commercial Payments offers more than just real-time settlement. The tool also includes several features designed to enhance its value for banks. Photo by Lea L on Unsplash

Cross-Border Payments

PYMNTS

DECEMBER 12, 2019

Access to real-time payments (RTP) could resolve various headaches for businesses, as many do not want to face the uncertainties associated with late payment deliveries to suppliers and employees. This reduces the risk of payments being returned to senders. . A December 2018 survey of 57 U.S.

API

Payment Savvy

MAY 15, 2023

The Federal Reserve Bank is currently developing a new instant payment service called “FedNow” that will allow financial institutions to make instant payments. The development of the FedNow service is a response to the growing demand for efficient instant payment services in the digital age.

FedNow

Faster Payments Council

SEPTEMBER 23, 2023

(Foundry Ballroom) This session will highlight faster payments Use Cases focused on real-life case studies from a variety of perspectives such as business end-users and financial institutions that are applying instant payments. We will explore the launch of FedNow and the intricacies of operating with multiple instant networks.

FPC

Faster Payments Council

SEPTEMBER 12, 2022

How can we look to this rapidly growing business for new use cases for instant payments? The issuance and use of a CBDC for cross-border payments could potentially help simplify intermediation chains, increase speed and lower costs. RTP) looks like right now, best practices in implementation, and lessons from the market.

FPC

PYMNTS

AUGUST 13, 2019

Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. The much-awaited decision dismayed large banks that regard a government-run system as unnecessary competition with their own real-time rail, The Clearing House’s Real Time Payments (RTP).

On-Demand

PYMNTS

SEPTEMBER 24, 2020

Plus, FIS and The Clearing House have partnered to provide instant settlements to small banks and credit unions. FIS, TCH Partner To Connect Small Banks, CUs To RTP. Mastercard Expands Digital Card Program To Include Instant Access, eWallet. Closing The Paper Check To Instant Cash Flow Gap For America’s SMBs.

TCH