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Real-Time Payments Are Soaring In The U.S.

Tom Groenfeldt

Follow Author Jul 17, 2025, 03:08pm EDT Share Save Comment Close up of network data flowing on black background. 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). getty The U.S.

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The Clearing House raises RTP transaction limit to $10M

Bank Automation

The Clearing House raised the transaction limit on its Real Time Payments network to $10 million, opening the door for new uses of the rail for commercial transactions.

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Mastercard Launches Anti-Money Laundering Service “TRACE” to Combat Financial Crime in Asia Pacific

Fintech Finance

Powered by timely and large-scale payments data from multiple financial institutions, TRACE provides holistic intelligence beyond an individual financial institutions siloed view, enabling tracing of financial crime across a payments network. giving financial institutions a network-level perspective they wouldnt otherwise have.

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FIs must comply with new ‘on behalf of’ payments rules

Bank Automation

The Clearing House has implemented revised rules for “on-behalf-of” payments on its Real Time Payments network. On-behalf-of (OBO) payments are payments on the Real Time Payments (RTP) network. These transactions are originated by a sender to make a payment on behalf of another person. “The

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Rethinking how PSPs onboard network partners-counter party

The Payments Association

Seamless channel interoperability : A framework that supports various formats, such as ISO 20022, SWIFT, Proprietary, and local RTP systems, enables PSPs to achieve smooth and more straight-through processing (STP) across banks, wallets, and payment networks.

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Unlocking Instant Inbound Payments: Cross River Launches Request for Payment Solution

Trade Credit & Liquidity Management

From a Press Release dated June 9, 2025, Fort Lee, NJ Cross River Bank has launched its Request for Payment (RfP) solution, a new feature designed to enable secure, real-time inbound payments via the RTP® (Real-Time Payments) network.

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RTP payment volume up 94% in 2024

Bank Automation

The Clearing House Real Time Payments network grew 94% year over year on a dollar basis in 2024 as it continued to benefit from the Federal Reserves marketing of FedNow. TCH moved $246 billion on its network in 2024 and increased transaction volume by 38% YoY to 343 million transactions, according to a Jan.

RTP