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The Clearing House raises RTP transaction limit to $10M

Bank Automation

The Clearing House (TCH) expects to see growth in volume and use cases, Jim Colassano, senior vice president of product development at TCH, told Bank Automation […] The post The Clearing House raises RTP transaction limit to $10M appeared first on Bank Automation News.

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RTP® Network Has Billion Dollar Day

Fintech Finance

Consumers and businesses sent $1 billion in instant payments on June 28 over the RTP® network, a single day record for the largest instant payments system in the United States, operated by The Clearing House. This record setting quarter continues an impressive trend for the RTP network, which previously set numerous records in Q1 2024.

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The Clearing House’s RTP clears $500B

Bank Automation

Scaling and monitoring growth “is critical when you’re standing up a brand-new network,” Jim Colassano, senior vice president of product development, told Bank Automation News. The instant payments rail, launched seven years […] The post The Clearing House’s RTP clears $500B appeared first on Bank Automation News.

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BofA Clients Embrace New $10 Million Limit in U.S. Real-Time Payments

Fintech Finance

As one of the owners of The Clearing House , Bank of America played a significant role in developing the RTP® network in consultation with peer banks, technology firms and the U.S. “RTP payments embody some of the most commonly requested features from our customers – convenience, transparency and resiliency.”

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Higher $10 Million RTP® Network Transaction Limit Empowers New Uses

Fintech Finance

The Clearing House , the operator of the RTP® network, the largest instant payments system in the United States, will raise the individual transaction limit to $10 million. The RTP transaction limit has been $1 million since April 2022, when the limit was increased from $100,000. In October, the RTP network experienced a record 31.9

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America Loves Instant Payments, as New RTP® Network Records Show

Fintech Finance

The RTP® network, the largest instant payments system in the United States operated by The Clearing House , now averages over 1 million payments per day. The RTP network also set single day records of 1.46 In October, the RTP network experienced a record 31.7 In October, the RTP network experienced a record 31.7

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Webinar: Leading the Way in Instant Payments Innovation-Maximizing the Full Potential of RTP and FedNow

Faster Payments Council

Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET. Catering to corporate customers as the primary revenue source for instant payments.