PYMNTS

NOVEMBER 14, 2017

was moved between accounts at two different banks (there was only one customer with two bank accounts) via RTP, the name for a new “Real-Time Payments” system set up by The Clearing House. The first transaction, in addition to moving funds, also carried data in an invoice-like fashion to accompany requests for payments which are irrevocable.

Real Time Payments 77

Real Time Payments RTP Irrevocability Faster Payments 77

Faster Payments Council

SEPTEMBER 12, 2022

stakeholders should be supporting and identify the challenges in building out the API features that are required for ubiquitous access. RTP) looks like right now, best practices in implementation, and lessons from the market.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

PYMNTS

AUGUST 12, 2019

For the dwindling numbers of people who still receive a physical paycheck, new applications let workers take a picture of that check and get instant, irrevocable access to the funds for a modest fee. Banks also know that unless such a network is ubiquitous, it’s not worth much. Maybe that’s the Fed, or maybe that’s someone else.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78