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The Clearing House raises RTP transaction limit to $10M

Bank Automation

The Clearing House (TCH) expects to see growth in volume and use cases, Jim Colassano, senior vice president of product development at TCH, told Bank Automation […] The post The Clearing House raises RTP transaction limit to $10M appeared first on Bank Automation News.

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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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RTP® Network Doubles Volume in 18 Months, Surpassing 1 Billion Transactions and Driving U.S. Payment Innovation

Fintech Finance

The RTP network has achieved a major milestone, surpassing 1 billion payments just 18 months after crossing the 500 million transaction mark. When the RTP network exceeded the 1 billion payments mark on Friday. January 31, it also set new single-day records for payments volume (1,592,419 transactions) and value ($1.44

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RTP payment volume up 94% in 2024

Bank Automation

TCH moved $246 billion on its network in 2024 and increased transaction volume by 38% YoY to 343 million transactions, according to a Jan. 8 […] The post RTP payment volume up 94% in 2024 appeared first on Bank Automation News.

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Business clients demand FedNow, RTP capabilities from their banks

Bank Automation

Business clients are demanding instant payment services from their financial services providers as they look to streamline payment processes.

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Higher Limits Power B2B Real-Time Payment Volumes

Trade Credit & Liquidity Management

The Clearing House raised the real-time payments (RTP) transaction limit from $1 million to $10 million in February 2025. Impact on B2B Payments Being one of the owners of The Clearing House , BofA played a significant role in developing the RTP® network in consultation with peer banks, technology firms, and the U.S.

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Scam Survey: UK Consumers Lack Confidence in Real-Time Payments Security

Fintech Finance

An international survey on the uptake, trust, and future of real-time payments (RTP) from global analytics software leader FICO highlights the need for UK banks to focus on building confidence in the security of the payment method. Just 6% of UK consumers consider RTP less secure than a credit card.