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Businesses Are Ready To Make The RTP Leap

PYMNTS

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. Businesses Ready To Jump Into RTP. A new survey from Citizens Bank says businesses are jumping into the real-time payments opportunity. Faster Payments Council Announces Board Advisory Group.

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The Clearing House: RTP Network Drives New Use Cases, Creates Value For SMBs This Holiday Season

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The Clearing House 's RTP network is now several years old, and while the real-time payments capability is gaining traction, adoption in the B2B landscape remains muted. That is par for the course for any new payment technology, he said, and it's up to financial services providers to expand education and awareness of the technology.

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How Corporates Are Driving US RTP Adoption

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.’s push for real-time payments is led by The Clearing House, which aims for ubiquity of its real-time payments (RTP) network by 2020. The financial institution announced Tuesday (June 18) its collaboration with Finastra to connect corporate clients into the RTP network directly via Finastra’s Fusion Global PAYplus solution.

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The Real-Time Disruption Of Banking And Business

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Indeed, services like Zelle and The Clearing House’s RTP are impacting, both directly and residually, financial processes of banks, small- to medium-sized businesses (SMBs) and larger corporates, although each in very different ways. It works OK, but it’s not nearly as slick as it will be with the RTP network.”.

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The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

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That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same. Although the technology exists, it’s ultimately the end user who will dictate how (or if) to use it. The Community Approach to Ubiquity.

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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

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The comments and insight across the past year-plus has led the Fed to ready a FedNow pilot program — an effort that will seek additional guidance from financial institutions (FIs), including payment processors, to help the service evolve moving forward. We'll look to have interoperability with RTP so that we can start to get that reach.”

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. On its website, TCH also says RTP is the system that “all federally insured U.S.