Remove Central Bank Remove Real Time Gross Settlement (RTGS) Remove Same Day ACH
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Third Parties Help Central Banks Ride RTP Rails

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In fact, the number of Same Day ACH transactions rose by 192 percent in Q3 2018 over the same period from the previous year. SIA’s Third-Party Approach To RTGS. Central banks can also struggle to adopt new payment infrastructures or make the improvements they need to their existing payment systems.

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The Big Tech Canary In The Faster Payments Coal Mine

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This access, the letter says, will eliminate the bottlenecks of working through intermediaries while extending the reach of real-time payments to those who need it. Currently, access to the Fed’s Real-Time Gross Settlement (RTGS) system is limited to financial institutions that hold deposits.