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...
For all transactions — but especially for high-value commercial payments — speed is always a consideration, alongside the costs of those transactions, as well as security concerns. With new, higher limits on real-time payments, the choice to move away from batch processes to settlement in...
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...
December 13, 2024
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 toward doing business online, 24/7. Times change, and so do […]
December 06, 2024
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,...
November 06, 2024
Real-time payments are becoming increasingly popular worldwide, with new implementations and innovations emerging regularly. The European Union has been a traditional leader in real-time payments, prompting providers to prioritize compliance...
October 15, 2024
As the financial and insurance sectors evolve, the demand for swift and accurate payment systems has never been more pronounced. Legacy systems often need to improve, resulting in delays and...
December 04, 2024
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 areas like real estate, supply chain payments and business-to-business transactions […]
December 02, 2024
The Clearing House says its clearing/settlement system handled a record number of Black Friday transactions. The organization’s CHIPS network settled and cleared 1,083,550 payments valued at $2.63 trillion to kick...
November 12, 2024
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...
August 14, 2024
Modern Treasury has expanded instant payments support for mutual clients of six top banks. “Money is moving swiftly toward a real-time future, and seeing customers use Modern Treasury to enable instant...
