Business clients demand FedNow, RTP capabilities from their banks
Bank Automation
JANUARY 30, 2025
Business clients are demanding instant payment services from their financial services providers as they look to streamline payment processes.
Real Time Payments RTP Service Provider 
Stripe Acquires Orum for Undisclosed Amount
Finovate
JULY 21, 2025
Stripe is acquiring payment orchestration startup Orum to enhance its real-time payments capabilities, including FedNow, RTP, and AI-driven instant payouts. Payment acceptance and financial services platform Stripe has agreed to acquire payment orchestration startup Orum for an undisclosed amount.
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Mastercard and National ITMX Extend Partnership to Improve PromptPay Capabilities in Thailand
The Fintech Times
JUNE 18, 2025
In 2016, payments giant Mastercard and National ITMX (NITMX), the electronic payments developer and service provider in Thailand, announced a partnership. Government payments can be made by registering a Citizen ID and individuals can split the cost of a meal by simply using a phone number to transfer funds.
Carvana launches real-time down payment capabilities
Bank Automation
JUNE 12, 2025
Carvana has implemented request for payments technology and instant payments capabilities for down payments on vehicle purchases, allowing consumers to obtain their vehicle faster.
The Clearing House On The Race for Real-Time Payments In The US
PYMNTS
AUGUST 10, 2020
These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. New Trends Emerging.
Real-Time Payments Steps Up To Fulfill Demand For Faster Funds
PYMNTS
NOVEMBER 3, 2020
It’s time to embrace it, especially for financial institutions (FIs) and adjacent players that intend to stay relevant in this market. The appetite for new payments approaches is only growing, with The Clearing House (TCH) reporting that 400 more FIs have already gained technical access to the RTP network.”. More FIs Onboarding.
America Loves Instant Payments, as New RTP® Network Records Show
Fintech Finance
NOVEMBER 12, 2024
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
RTP, Blockchain Make Inroads Within Corporations
PYMNTS
SEPTEMBER 15, 2020
PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. RTP Expands Across FI Base. are increasingly linking into the real-time payments infrastructure of the RTP network, according to a new survey by The Clearing House.
How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails
PYMNTS
OCTOBER 15, 2020
Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a use case “that’s going to tip the scale here.” Real-time payment is also is finding traction in the gig economy, allowing employees to be paid on a regular basis, even daily.
How Treasurers Can Prepare For A Real-Time Payments Ecosystem
PYMNTS
AUGUST 3, 2020
regulatory landscape as a financial service provider is not easy, with laws that vary state by state and federal rules that are constantly evolving. There are currently three community banks in the market that provide services to the digital asset arena: Signature Bank , Silvergate Bank and Metropolitan Commercial Bank.
ACI moves real-time payments onboarding to cloud
Bank Automation
APRIL 4, 2024
ACI Worldwide is exploring the use of its cloud platform to onboard bank clients to The Clearing House’s Real-Time Payments network.
Businesses Are Ready To Make The RTP Leap
PYMNTS
AUGUST 20, 2020
New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. Businesses Ready To Jump Into RTP. A new survey from Citizens Bank says businesses are jumping into the real-time payments opportunity.
Helping Corporates Get Over The Real Time Payments Hump
PYMNTS
JULY 22, 2020
Yet for many entities, the concept of implementing real-time processing across an entire system can feel overwhelming complex. As real-time payment infrastructure grows more sophisticated, technology presents an opportunity for organizations to mitigate the adoption hurdle. ” Becoming More Adaptive.
What Are Real-Time Payments? Everything You Need to Know
Payment Savvy
FEBRUARY 24, 2023
Real-time payments have revolutionized how we make financial transactions, providing unparalleled speed, convenience, and security. With real-time payments, money can be transferred almost instantly from one person to another, anywhere in the world.
What Australia Can Teach The World About Real-Time Payments
PYMNTS
JANUARY 2, 2019
On the face of it, the lure of real-time payments might seem like an inevitability. a number of leading tech companies have become vocal in their support of a real-time payments (RTP) network, to be created under the leadership of the Federal Reserve and different from what has been previously proposed by the big banks.
The Clearing House: RTP Network Drives New Use Cases, Creates Value For SMBs This Holiday Season
PYMNTS
NOVEMBER 18, 2020
The Clearing House 's RTP network is now several years old, and while the real-time payments capability is gaining traction, adoption in the B2B landscape remains muted. Indeed, it can be difficult for businesses to change their payment habits. This is a new payment system," he noted.
Italian Banking Association Embraces Need For Speed For Future Of Real-Time Payments
PYMNTS
FEBRUARY 1, 2021
To get a sense of the present state — and future — of instant payments, look to Italy. It has pulled ahead of its EU neighbors in developing real-time payments technology and in recruiting banks to adopt it. These days that “stable and efficient growth” has a lot to do with real-time payments.
Real-Time Payments Have Numerous Real-World Applications
PYMNTS
JUNE 24, 2019
Everyone seems to want faster payments — from gig workers to B2B suppliers to parents splitting expenses — but with not all major financial institutions on board, real-time payments stand at lower chance for mass adoption. The demand for faster payments is strong in the U.S., transaction accounts.
From BNPL to RTP, The Year In Payments Ends On Digital-First Note
PYMNTS
DECEMBER 24, 2020
“As the supplier or seller of goods and services, you’re always thinking about the cost of acceptance and the mix of payments that you are taking.”. Real-Time Payments. There are two sides to the real-time payments story for 2020. RTP is particularly relevant in the current climate.
Congress Presses Fed On Real-Time Payments Plan
PYMNTS
SEPTEMBER 27, 2019
The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. payments ecosystem. Reception toward the initiative was not, however, universally positive.
Real-Time Payments Are Reaching A Tipping Point
PYMNTS
JULY 24, 2019
While commercial real-time payments became available in the U.S. By the end of 2018, the RTP network reached a little more than half of U.S. Last month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payment technologies to community banks.
Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction
PYMNTS
JUNE 23, 2020
New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. PYMNTS explores these stories and others in this week’s Payment Rail Innovation Tracker. RTP Gains Community Bank Traction. In the U.S.,
Mastercard and The Clearing House extend partnership on real-time payments
Fintech Finance
JANUARY 24, 2024
Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network.
ACI Taps Bancorp, Visa For Real-Time Payments
PYMNTS
JANUARY 21, 2020
He added that ACI’s development of real-time payments helps fulfill “evolving expectations,” and “deliver businesses a transformational payment experience” through its coordination with The Bancorp. The Bancorp currently facilitates more than 35 million faster payment transactions each month. .
Ingo Money Dives Into Real-Time Payments Ubiquity Challenges
PYMNTS
NOVEMBER 13, 2019
Faster payments continue to gain traction in the U.S., as service providers old and new introduce more options for consumer and business payers to move money quickly and, in some cases, instantly. payers have already demonstrated their eagerness for faster payment options. Payment Rail Collaboration. In the U.S.,
RTP: Achieving Ubiquity Without A Mandate
PYMNTS
DECEMBER 12, 2019
continues to take significant steps toward a faster payments ecosystem , the market undoubtedly lags behind others across the world in the path toward real-time payments ubiquity. real-time payments journey in a recent interview with PYMNTS. Though the U.S. unlike markets like the U.K.
Finzly Launches FedNow Service Through Finzly BankOS Platform in AWS Marketplace
Fintech Finance
OCTOBER 23, 2024
Finzly’s modern payment hub on the BankOS platform enables financial institutions to connect effortlessly to traditional rails like Automated Clearing House (ACH) and Fedwire, as well as modern networks such as FedNow and Real Time Payments (RTP), all with just a few clicks and independent of their core systems.
Deep Dive: Billing And The Use Of Real-Time Payments
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. It wasn’t the first to roll out such a system, but it was the first “major payments upgrade” in the U.S. RTP in the Bill Payments Realm.
The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity
PYMNTS
NOVEMBER 27, 2019
The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same.
How Corporates Are Driving US RTP Adoption
PYMNTS
JUNE 18, 2019
Adoption of real-time payments in the U.S. The assumption, of course, is that faster payment functionality only has a place in the peer-to-peer payments arena. ’s push for real-time payments is led by The Clearing House, which aims for ubiquity of its real-time payments (RTP) network by 2020.
The Acceleration Of Payment Rails, Old And New
PYMNTS
JANUARY 28, 2020
This week’s examination of the latest innovation initiatives finds this to be true both for innovators exploring ways to improve existing rails — like ACH — as well as those that have embraced the development of entirely new rails, including real-time payments (RTP) and blockchain-powered transactions.
Report: Paychex Gives Traditional Payroll Cycle A Real-Time Makeover
PYMNTS
NOVEMBER 25, 2020
Slow payments have long frustrated businesses and consumers, forcing the former to readjust their timelines as they await funds and prompting the latter to put off purchases as they watch for transactions to finalize. Around The Real-Time Payments Space. Bank, representing Elavon , explained in a recent PYMNTS interview.
The Real-Time Disruption Of Banking And Business
PYMNTS
MARCH 12, 2020
Faster payments are only one example of the effects of a world moving toward real-time everything, with growing customer demands driving change in the way banks and businesses operate themselves. As such, the consequences of real-time payments aren’t solely impacting consumers’ peer-to-peer ( P2P ) transaction activity.
Banks’ Uncertain Real-Time Payments Strategy Brings Challenges To FinTech Firms
PYMNTS
JUNE 26, 2018
The uncertainty around how, exactly, businesses will adopt faster payments could play a role in how banks are or aren’t establishing a clear road map for launching real-time payment services. ” There are other imbalances in banks’ RTP plans for B2B payments, too.
The Clearing House RTP Network Boasts Record 76 Million Transactions to Kick Start 2024
The Fintech Times
APRIL 8, 2024
The Clearing House , the US-based payments network provider, processed a record 76.4 The Clearing House also revealed that March became a record month for its real-time payments (RTP) network, boasting over 26 million transactions across the month.
A Perfect Storm Of Demand For Real-Time Payments — But Challenges Remain
PYMNTS
JULY 16, 2019
Now, now, now — that’s the chorus coming from consumers, merchants and other companies when it comes payments, and that demand is fueling progress in real-time payments. Significant challenges remain before the benefits of real-time payments (RTP) really start to show themselves. New RTP Rails.
Payments Tech Takes Advantage Of Payment Rails Building Blocks
PYMNTS
MAY 27, 2020
This week’s look at the latest in payments rails innovation finds players including Mastercard, Aflex and Paycor targeting existing card and ACH rails to expand their use for corporates, with a focus on reconciliation, data capture and transparency. Mastercard Track Business Payment Services Launch. CUs Move Closer to RTP.
Real Time Heats Up In B2B, While Blockchain Gains Traction
PYMNTS
NOVEMBER 19, 2020
That includes advancements in Canada's upcoming Real-Time Rail, as well as adoption by Transcard of Mastercard's Track Business Payment Service to facilitate real-time, account-to-account transfers for businesses. Canada Taps Vocalink for Real-Time Rail.
RTP, Blockchain Gain Traction In Business Payments
PYMNTS
OCTOBER 29, 2019
The Clearing House ’s (TCH) Real-Time Payments (RTP) network received multiple shows of support from B2B FinTechs this week as service providers embrace the U.S.’s s newest payments network in decades. But RTP isn’t the only novel network to gain traction in the small business in corporate realm.
Banks, FinTechs Dive Into New Payment Rails For B2B
PYMNTS
SEPTEMBER 24, 2020
When it comes to payment rails innovation, financial service providers can either improve upon existing infrastructure, or build entirely new rails altogether. FIS, The Clearing House Link For Real-Time Payments. This week's look at the latest innovation initiatives finds a big push for the latter.
Deep Dive: How Small FIs Use Third Parties, Gradual Integrations To Guide New Payment Rail Adoptions
PYMNTS
DECEMBER 31, 2020
The demand for faster payments is growing as companies look for swift, data-rich ways to transact. One study from 2019 found that 54 percent of 120 financial executives listed real-time payments as one of the most impactful emerging technologies, for example. Banks and CUs have options for how they make these upgrades.
FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition
PYMNTS
OCTOBER 12, 2020
The comments and insight across the past year-plus has led the Fed to ready a FedNow pilot program — an effort that will seek additional guidance from financial institutions (FIs), including payment processors, to help the service evolve moving forward. Looking Toward Interoperability And Scale . The Timeframe .
Faster Payments: Does The Fed Have A Hidden Agenda?
PYMNTS
MARCH 18, 2019
This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. On its website, TCH also says RTP is the system that “all federally insured U.S.
Mastercard Certifies TCH As Token Services Provider
PYMNTS
OCTOBER 20, 2017
In a press release, TCH said the deal establishes it as one of the first third-party token service providers to be certified by Mastercard , enabling it to support current and future token capabilities, such as mobile payments, remote purchases and Internet of Things (IoT) transactions.
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