The Payments Association

JUNE 9, 2025

RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem.

ISO 20022 88

ISO 20022 Payment APIs and Integration ISOs Interoperability 88

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).

Real Time Gross Settlement (RTGS) 63

Real Time Gross Settlement (RTGS) Digital Currency Central Bank CBDC 63

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.

B2B 104

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104

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. Key features of FedNow include: Immediate settlement: Funds are transferred in real time, usually within seconds. What Is FedNow?

FedNow 71

FedNow Real Time Gross Settlement (RTGS) RTP Federal Reserve 71

The Payments Association

APRIL 14, 2025

Institutions that are not fully prepared risk being locked out of clearing and settlement infrastructure, impacting both operational resilience and client service delivery. by 2027) The UK is preparing to transition its standard securities settlement cycle from T+2 to T+1, with implementation scheduled for 11 October 2027.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88