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RTP® Network Has Billion Dollar Day

Fintech Finance

Consumers and businesses sent $1 billion in instant payments on June 28 over the RTP® network, a single day record for the largest instant payments system in the United States, operated by The Clearing House. This record setting quarter continues an impressive trend for the RTP network, which previously set numerous records in Q1 2024.

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RTP, Blockchain Make Inroads Within Corporations

PYMNTS

PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. RTP Expands Across FI Base. are increasingly linking into the real-time payments infrastructure of the RTP network, according to a new survey by The Clearing House.

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Live Oak Bank Implements Finzly’s Fedwire Solution

Finovate

The bank featured direct connections to all payment networks, including ACH, wires, RTP, FedNow, and Swift, as well as a multi-currency general ledger, low-code customer-onboarding forms, online experiences, and more. Also, at the beginning of the year, Wings Credit Union , Minnesota’s largest credit union with more than $9.3

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Corporate America Credit Union To Serve As RTP Funding Agent

PYMNTS

The Corporate America Credit Union (CACU), which serves almost 500 credit unions (CUs) around the world, has become a funding agent for the RTP network, The Clearing House ’s (TCH) real-time payments network, according to a release.

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Frost Bank Taps Finzly to Provide FedNow and RTP Instant Payments to its Business Clients and Consumers

Fintech Finance

headquartered in Texas, to deliver instant payments capabilities to the banks global business and consumer customers through the Federal Reserve’s FedNow® and The Clearing House’s RTP®. As of February 2024, over 470 banks and credit unions are participating in the FedNow network.

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The Clearing House On The Race for Real-Time Payments In The US

PYMNTS

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. New Trends Emerging. Achieving ubiquity across the 12,000 or so FIs in the U.S.

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The Clearing House’s RTP network logs Q2 records

Payments Dive

The real-time payments system has been growing its roster of banks and credit unions, as it newly competes with the Federal Reserve’s FedNow payments system.

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