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Bottomline: The Watershed Hurdles B2B RTP Must Clear

PYMNTS

As real-time payments (RTP) gain traction with consumers via peer-to-peer (P2P), the pump may be primed for business-to-business (B2B) transactions to follow suit. Key among those conduits, of course, is the Clearinghouse RTP network, where commercial real-time payments made their debut in the U.S. roughly two years ago.

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A Comprehensive Guide to FedNow

Payment Savvy

This means that when you make a payment, the money will be available in the recipient’s account within seconds. This is a significant improvement over current payment systems, which can take several days to process. Regulatory compliance: Banks are required to meet certain liquidity standards set by regulators.

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Citizens Bank’s Corporate Real-Time Payments Play

PYMNTS

Some financial institutions (FIs) are seeking to help their corporate clients tap into real-time payments (RTP) to keep up the pace. . “We We might be at a tipping point in the market, [in which] the market just demands faster payments,” said Matt Richardson, head of product solutions at Citizens Bank. . as an example.