The Clearing House’s Post

The RTP Network crossed a milestone by processing $1 billion in a single day for the first time on June 28. RTP also set quarterly records for transaction volume and value, handling 82 million transactions and totaling $55 billion. Payment volume grew 7%, while overall payment value jumped 30% in Q2. This success followed numerous records set by the RTP Network in Q1, handling a then-record 76 million transactions valued at $42 billion. Read more: https://ow.ly/ne1Y50SBzqX #payments #RTP #instantpayments #realtimepayments #Fednow

As of recent years, numerous banks and financial institutions have joined the RTP network, facilitated by The Clearing House. This network allows participating banks to offer their customers real-time payment capabilities, enabling instant fund transfers 24/7, 365 days a year. So what do we know about the RTP network so far? 📈 Since 2017 the growth of banks and credit unions joining the RTP network has rapidly increased.  ➕ 2023 alone saw 200+ institutions join, double of which in 2022. 📱 FedNow even pulled through around 320 participants.  ⬆️ The number of RTP payments worldwide is predicted to increase to 27.8% by 2027. With more banks embracing RTP, users across the country can enjoy the benefits of seamless, secure, and lightning-fast transactions, enhancing the efficiency and convenience of their financial interactions. #TheClearingHouse #PaymentSolutions #RealTimePayments #EfficientPayments #USPaymentSolutions #PaymentMethods #USPaymentProvider #USPayments #PaymentSolutions #FedNow

Watch this on-demand webinar with Bottomline, SIX and t'charta to delve into the nitty-gritty of SIC Instant Payments. It's not just about swift 10-second processing times but a shift that impacts the entire financial ecosystem. As we gear up for the second wave of SIC IP by 2026, let's kick-start the conversation about perfecting the strategy for its implementation and reaping its benefits. Tune in now to advance your knowledge and stay a step ahead. #InstantPaymemts #PaymentsModernization #FutureOfPayments

Watch this on-demand webinar with Bottomline, SIX and t'charta to delve into the nitty-gritty of SIC Instant Payments. It's not just about swift 10-second processing times but a shift that impacts the entire financial ecosystem. As we gear up for the second wave of SIC IP by 2026, let's kick-start the conversation about perfecting the strategy for its implementation and reaping its benefits. Tune in now to advance your knowledge and stay a step ahead. #InstantPaymemts #PaymentsModernization #FutureOfPayments

Watch this on-demand webinar with Bottomline, SIX and t'charta to delve into the nitty-gritty of SIC Instant Payments. It's not just about swift 10-second processing times but a shift that impacts the entire financial ecosystem. As we gear up for the second wave of SIC IP by 2026, let's kick-start the conversation about perfecting the strategy for its implementation and reaping its benefits. Tune in now to advance your knowledge and stay a step ahead. #InstantPaymemts #PaymentsModernization #FutureOfPayments

Watch this on-demand webinar with Bottomline, SIX and t'charta to delve into the nitty-gritty of SIC Instant Payments. It's not just about swift 10-second processing times but a shift that impacts the entire financial ecosystem. As we gear up for the second wave of SIC IP by 2026, let's kick-start the conversation about perfecting the strategy for its implementation and reaping its benefits. Tune in now to advance your knowledge and stay a step ahead. #InstantPaymemts #PaymentsModernization #FutureOfPayments

2024 is shaping up to be the Year of #Tokenization 🚀🚀🚀 GREAT read and even GREATER insights in the latest blog from the U.S. Faster Payments Council's Digital Assets Work Group (DAWG) on #TokenizedDeposits and the potential for #FasterPayments 👇🏿👇🏿👇🏿 #DistributedLedgerTechnology #DigitalAssets #DigitalWallet #BigIdeas2024

Our Latest Opine! Tokenized deposits enable near instantaneous and frictionless transfers and exchanges on distributed ledger technology without the delays and errors that can occur in traditional financial systems. Read the post here: https://lnkd.in/gZKJdhcn Special thanks to Bo Berg, Kevin Barr #fasterpayments #instantpayments #digitalassets #tokenizeddeposits

I was thrilled to moderate this illustrious panel session. Great insights from the scheme architect, key consultancy and the largest vendor in Switzerland. Watch this on-demand webinar with Bottomline, SIX and t'charta to delve into the nitty-gritty of #SICInstantPayments. It's not just about swift 10-second processing times but a shift that impacts the entire financial ecosystem. As we gear up for the second wave of SIC IP by 2026, let's kick-start the conversation about perfecting the strategy for its implementation and reaping its benefits. Tune in now to advance your knowledge and stay a step ahead. #InstantPaymemts #PaymentsModernization #FutureOfPayments #realtimepayments #switzerland #banking

The U.S. real-time payments ecosystem continues to evolve. With the addition of the FedNow Service alongside the existing TCH RTP service, adoption of real-time payments is increasing, especially among smaller financial institutions – which then increases the number of customers who can make instant payments. There are already a number of daily use cases for consumers and businesses, and we expect those use cases to increase over time. https://aciw.co/4bylZXK