article thumbnail

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.

article thumbnail

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

The Fintech Times

The results, published in a new report, Pushing the Limits: US Instant Payments in 2025, based on responses from 300 senior payments professionals at US banks , suggest larger transaction limits are helping to boost instant payment demand.

RTP 45
article thumbnail

Getting RTP’s Roadmap, Consumer Demand For It In Sync

PYMNTS

At present, corporate adoption of real-time payments faces at least some hurdles because transaction limits are relatively low, depending on the country. for example, the limit stands at $25,000 per transaction. But those limits should scale upward rather quickly, said Ramsey, who noted that in the U.K.,

article thumbnail

Elevate your Banking Operations with our Integrated Debit Card Management System

M2P Fintech

Reconciliation Integrating with Recon360 , our standalone product enables seamless end-to-end reconciliation for transactions, payments, and value-added services. Notifications M2P integrates with the bank’s Short Message Service (SMS) vendor for customer debit card notifications.