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FedNow, RTP interoperability is inevitable — down the line

Bank Automation

The Clearing House’s Real Time Payments network and The Federal Reserve’s FedNow network are prepared to tackle interoperability eventually — but for now, its value remains minimal.

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FIs look to tech providers for RTP, FedNow onboarding

Bank Automation

Adoption is ticking up for The Clearing House’ Real Time Payments network and the Federal Reserve’s FedNow payments rail as financial institutions add payment services to their platforms. The RTP network has more than 500 institutions on its network, according to The Clearing House’s website.

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Businesses prefer The Clearing House for RTP, Citizens exec says

Bank Automation

The Clearing House’s Real Time Paymentsnetwork is gaining mid-market companies as businesses gravitate toward real-time payments. Businesses prefer The Clearing House’s RTP solution because it is established and is used by nearly 67% of U.S.

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More than 200 FIs join RTP network in 2023

Bank Automation

Financial institutions are looking to The Clearing House’s real-time payments network to grow deposits and offer instant gratification in their payments offerings. “It’s definitely been an interesting and accelerating year for the growth of the real-time payments (RTP) network,” Elena Whisler, chief client officer at The Clearing House, told Bank (..)

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FedNow may have spurred RTP adoption

Payments Dive

The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.

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The Clearing House's Real-Time Payment network now averages over one million payments a day

Finextra

The RTP network, the largest instant payments system in the United States operated by The Clearing House, now averages over 1 million payments per day.

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The Clearing House RTP Network Boasts Record 76 Million Transactions to Kick Start 2024

The Fintech Times

The Clearing House , the US-based payments network provider, processed a record 76.4 The Clearing House also revealed that March became a record month for its real-time payments (RTP) network, boasting over 26 million transactions across the month.

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