Many financial institutions remain hesitant to adopt real-time payments due to concerns over legacy system upgrades, fraud risks, and customer demand. A PYMNTS Intelligence report explores these barriers and the importance of partnerships and rethinking consumer interest to drive wider adoption of real-time payment solutions....
What if high-value payments could move as seamlessly as everyday purchases? That future is closer than ever. With The Clearing House’s RTP® network set to increase its transaction limit to $10 million in February, real-time payments are poised to revolutionize industries like real estate, supply...
A quarter-century into the new millennia, the banking and payments industries have witnessed a rapid pace of change. Consumers and businesses demand faster, more efficient transaction methods, pushing financial institutions to prioritize real-time capabilities. “We launched the RTP® network about seven years ago from scratch,”...
Instant payments continue their global sweep, with expanding RTP® network capabilities from The Clearing House in the United States, Australia simplifying cross-border transfers and Hungary embracing QR codes for everyday transactions. The PYMNTS Intelligence report “The Real-Time Payments World Map” examined the technologies and partnerships...
When The Clearing House launched its RTP® network in 2017 — the first new payments infrastructure in about 40 years — the transaction limit was $25,000. That was before the digital shift hastened by the pandemic, supply chain disruptions and the wider embrace of enterprises...
Real-time payments took center stage in 2024, with groundbreaking milestones reshaping how money moves worldwide. From the United States expanding its payment networks to new systems debuting in other regions, the year has been a turning point for faster, more accessible transactions. What follows are...
The Clearing House plans to raise its instant payment network’s individual transaction limit. Starting next year, the RTP® Network will allow individual transactions of up to $10 million, The Clearing House (TCH) announced Wednesday (Dec. 4). The company said the new limit supports growth in...
The online gambling industry is booming, driven by the rise of digital poker, online casinos and fantasy sports betting, making it crucial for operators to enhance the user experience to retain players. A key area for improvement is the payout process, as traditional withdrawal systems...
The Clearing House’s RTP® network, a real-time payments rail in the United States, is winding down the year on the back of two milestones. The network set single-day records of 1.46 million transactions valued at $1.24 billion Nov. 1, according to a Tuesday (Nov. 12)...
