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RTP Picks Up Pace With Corporates, While CBDCs Raise Banker Doubts

PYMNTS

The Clearing House's real-time payments offering, the RTP ® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. Wells River Savings Bank Joins The RTP Network. Wells River Savings Bank Joins The RTP Network.

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Instant ACH Transfers Online

Payment Savvy

Instant ACH transfers are a modern innovation in digital payments, allowing for near-real-time movement of funds between bank accounts. Unlike traditional ACH transfers, which can take several days to process, instant ACH transfers significantly reduce the waiting time, making funds available to recipients within minutes.

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Why the U.S. has reached a real-time tipping point

Finextra

Similarly, a record 98 million transactions were made through The Clearing House (TCH-RTP) network in Q4 2024 [3]. TCH went live with this change in February, enabling real-time payments up to the value of $10 million. The use of real-time and near real-time payment rails is also expanding.

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Mastercard to Offer Real Time Cross-Border Payments for Commercial Clients

Finovate

Mastercard unveiled an offering this week that will allow commercial users to make cross-border payments in near-real-time. Move Commercial Payments offers features like liquidity management, integration with existing SWIFT systems, and helps to reduce counterparty risk.

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Ingo Money Dives Into Real-Time Payments Ubiquity Challenges

PYMNTS

However, real-time payments (RTP) have a long way to ubiquity, and while each payment rail has its advantages, each also has drawbacks that could stifle efforts for near-universal adoption. Faster payments continue to gain traction in the U.S., The Ubiquity Challenge. ” In the U.S., Canada, etc.”

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

The Fed is defining instant payments as a subset of payments in which an end user receives funds in near real time, with immediate interbank settlement of the payment also having occurred. The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails.

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How will money transferring between countries look in five years?

Finance Magnates

The second factor is the near real-time settlement between the two financial institutions that were doing the remittance (i.e. Sender’s Bank and Beneficiary’s Bank). Now, more than a decade later, we can evaluate how accurate your predictions were and what has actually transpired in the industry since then.