The Payments Association
JUNE 9, 2025
Payment providers to strategically invest in ISO 20022 implementation, API integration, and service innovation to fully leverage RT2’s capabili The launch of RT2, the renewed Real Time Gross Settlement (RTGS) service, on 28 April 2025 marks a significant milestone for the UK’s payments infrastructure.
Finextra
JULY 8, 2025
Unlike traditional mechanisms, CIPS provides both real-time gross settlement (RTGS) and deferred net settlement (DNS) modes, enabling financial institutions worldwide to clear and settle RMB transactions across time zones. What are your thoughts on the future of cross-border payments?
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PYMNTS
JULY 30, 2020
s central bank announced on Thursday (July 30) that it has hired IT firm Accenture to revamp and modernize what is known as the Real-Time Gross Settlement (RTGS) service, which handles daily transactions worth more than $895 million between large financial institutions (FIs).
PYMNTS
NOVEMBER 19, 2020
As Canada gears up to launch its real-time payments system, the Real-Time Rail (RTR), Payments Canada , the entity at the head of the initiative, has announced that Mastercard -owned Vocalink has been chosen as the clearing and settlement solution provider for the new payment rail.
Clearly Payments
MAY 21, 2025
FedNow is a real-time gross settlement (RTGS) service designed by the Federal Reserve to enable instant money transfers between participating banks. Not all banks are currently equipped to offer real-time services, and integrating these capabilities may require technology upgrades or changes to business processes.
The Payments Association
APRIL 14, 2025
Firms must maintain robust risk management programmes that cover governance, continuity, and recovery and ensure that all ICT service providers (including cloud providers) meet the new regulatory thresholds.
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