Faster Payments Council

SEPTEMBER 23, 2023

The RFP Customer Experience Work Group selected consumer-to-business bill pay as an initial use case, producing industry standards focused on this goal. Participating organizations will share insights gained and how they will implement these standards to catalyze instant payments adoption with a streamlined RFP customer experience.

FPC

PYMNTS

APRIL 2, 2019

When The Clearing House (TCH) unveiled the Real-Time Payments (RTP) system in 2017, it propelled swifter payments and brought about the next generation of fund transfers. Payment solution providers are now also getting in on the real-time game and supporting a growing list of RTP use cases that use the network for rapid transaction speeds.

Real Time Payments

Payment Savvy

MAY 16, 2023

They ensure that all participants of this network follow certain guidelines to maintain its safety, security, and efficiency. Instant ACH Transfer Alternatives RTP Network The RTP (Real-Time Payments) Network, launched by The Clearing House, is an alternative option for those seeking instant money transfers.

ACH

Finovate

OCTOBER 16, 2024

Of the FedNow participants, 78% are community banks and credit unions. There are a handful of reasons why firms might be hesitant to participate in FedNow. The service faces competition with The Clearing House’s RTP platform, which was launched well before FedNow went live. per RFP message, charged to the requestor.

FedNow

FICO

AUGUST 26, 2021

The transaction “rails” are in place and ready to process imminently high volumes; the Clearing House’s RTP network , launched in 2017, reaches 60% of US DDA accounts and delivers real-time payments including: B2B real-time transactions. Request for pay (RfP) . P2P real-time transactions. The Federal Reserve is a second key player.

Real Time Payments