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

The Fintech Times

The results, published in a new report, Pushing the Limits: US Instant Payments in 2025, based on responses from 300 senior payments professionals at US banks , suggest larger transaction limits are helping to boost instant payment demand.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

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. That will include allowing banks to set various transaction limits. If all goes as planned, that is.

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FPC Draws Member Input with Town Halls on FedNowSM

Faster Payments Council

Kirstin spoke openly with our membership, addressing questions coming in from our members on topics such as ubiquity, interoperability, and industry collaboration. We were thrilled to have upwards of 100 of our members on the line to hear directly from Kirstin Wells, principal economist at the Federal Reserve Board.

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Why Cross-Border Payments Still Present Challenges

PYMNTS

For example, if, in a particular market, different transaction limits apply for consumer versus business remittances, or for domestic versus cross-border transactions, we can provide these custom controls. Visa is one such provider that bridges information coming from the send market into what is required in the receipt market.

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EPC Chair On SEPA’s Instant Credit Transfer, One Year In

PYMNTS

On the one hand,” he said, the initial uptake of the SEPA scheme shows that that “makes sense,” and that initial use cases and transaction limits (more on both in a moment) satisfy at least some demands coming from the markets. The overarching theme, though, is one of interoperability. The Spark, Then Ignition.

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The Impact of FedNow on the US Payments Landscape

Segpay

Interoperability: Designed to work alongside existing payment systems. Integrated Fraud Management Features: Transaction Limits and Negative Lists. FedNow Key features include: Real-time Payments: Enables funds to be transferred instantly, 24/7/365. Accessibility: Available to all banks and credit unions. No ‘pass-through’ fees.

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