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BNY Sends Largest Instant Payment in U.S. History, $10 Million Following Transaction Limit Increase

Fintech Finance

history and the first-ever payment on the RTP network exceeding $1 million, following the recent increase in the networks transaction limit. On February 9, the RTP networks transaction limit increased from $1 million to $10 million, enabling businesses to send larger payments instantly, 24/7.

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Modern Treasury Drives Growth of Instant Payments with Leading Banks

Fintech Finance

Modern Treasury , essential infrastructure for the new era of payments, has announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Today, Modern Treasury’s customers move over $1 billion in instant payments volume annually.

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RTP, Blockchain Make Inroads Within Corporations

PYMNTS

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.

RTP
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B2B Payments Firm Modern Treasury Lands $38 Million

PYMNTS

Payment operations software company Modern Treasury raised $38 million through an Altimeter Capital-led Series B funding round, according to a Tuesday (Jan. However, Modern Treasury says it digitizes every phase of the workflow while its software supplants legacy infrastructure. 12) announcement. The company says that over $18.5

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RTP Picks Up Pace With Corporates, While CBDCs Raise Banker Doubts

PYMNTS

The Clearing House's real-time payments offering, the RTP ® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. Wells River Savings Bank Joins The RTP Network. Wells River Savings Bank Joins The RTP Network.

RTP
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How Corporates Are Driving US RTP Adoption

PYMNTS

’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 financial institution announced Tuesday (June 18) its collaboration with Finastra to connect corporate clients into the RTP network directly via Finastra’s Fusion Global PAYplus solution.

RTP
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Finserv Providers Embrace New Rails For Faster B2B Payments

PYMNTS

While firms like Diamante and SatoshiPay embrace blockchain, traditional players like Wells Fargo and HSBC are relying on RTP to accelerate corporate payments. HSBC Loops Into RTP. Wells Next to Tap RTP for Corporates. The integration will first go live for U.S. business customers, the FI noted.

B2B