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RTP® and FedNow Transaction Limit Increases Fuel Instant Payments Surge

Fintech Finance

New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instant payments significantly more attractive for U.S. 84% of US banks say the new $10 million RTP® limit boosts its attractiveness, and 84% believe raising FedNow’s $500,000 cap will have the same effect.

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U.S. Faster Payments Council Shares Results from 2025 Faster Payments Barometer

Fintech Finance

The results reflect growing adoption of the FedNow Service and RTP Network and an expanding array of use cases in both consumer and business contexts. Eighty percent of respondents identified faster payments as a must have, with financial institutions leading the charge at 84%, said FPC Executive Director Reed Luhtanen.

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RedCompass Labs Reveals 8 in 10 US Banks are Happy With RTP and FedNow Instant Payments Limits

The Fintech Times

Instant payments are becoming significantly more attractive for US banks finds RedCompass Labs , the payments experts, as it finds that 84 per cent of US banks say the new $10million Real-Time Payment (RTP) network limit and $500,000 FedNow cap are a good thing. Surprisingly, earned wage access came in ninth place (29 per cent).

RTP
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Live Oak Bank Implements Finzly’s Fedwire Solution

Finovate

The technology leverages Finzly’s pre-wired, tested, and certified connections to the Fed to keep banks and other financial institutions a step ahead when it comes to implementing Fedwire, complying with ISO 20022 standards, and launching new value-added services.

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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? Strategies for leveraging ISO 20022 messages to develop profitable value-added services. Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET.

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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? Strategies for leveraging ISO 20022 messages to develop profitable value-added services. Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET.

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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? • Strategies for leveraging ISO 20022 messages to develop profitable value-added services. Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET.