Modern Treasury Drives Growth of Instant Payments with Leading Banks
Fintech Finance
AUGUST 15, 2024
Instant payments use the FedNow service, developed and launched by the Federal Reserve in July 2023, and the RTPĀ® network, launched in 2017 by The Clearing House. So far, over 1,000 banks and credit unions have signed on with either the RTP or FedNow networks, or both, and instant payment volume continues to grow. is growing.
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