Tom Groenfeldt

JULY 17, 2025

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). 1970s, was built to move funds in bulk and in batch while today’s users increasingly expect immediacy in payments. I write about finance and technology.

Real Time Payments

Fintech Finance

AUGUST 15, 2024

Instant payments use the FedNow service, developed and launched by the Federal Reserve in July 2023, and the RTP® network, launched in 2017 by The Clearing House. So far, over 1,000 banks and credit unions have signed on with either the RTP or FedNow networks, or both, and instant payment volume continues to grow. is growing.

Instant Payments

PYMNTS

FEBRUARY 11, 2019

Might the state of faster payments be described as “conflicted?”. may be perceived as being a bit behind the demand of consumers. Stateside, more recently, the Federal Reserve has thrown its hat in the ring, seeking commentary over real-time payments, with support already from Google and Amazon , as documented in this space.

Faster Payments

Seon

JULY 27, 2023

FedNow, the instant payment service that launched in the US on July 20, 2023, could bring significant new developments to your organization. Launched on July 20, 2023, the FedNow Service is an instant payment system created by the Federal Reserve for American households and businesses. What Is FedNow?

FedNow