Real-time Payments

US.

(RTP).

Real-time Payments is a US system, launched in 2017, for faster payments between participating banks and their customers.

Instant payments for corporates?

"... in a live proving exercise a [UK] Faster Payment valued in the tens of millions of pounds was sent and received.

In comparison, SCT Inst has started with a EUR 15,000 limit, and the US Real-time Payments System caps transactions at USD 25,000."

The Treasurer magazine, April 2018, p23 - In Search of the Tipping Point.

See also

• BACS
• C&CCC
• Clearing House Automated Payment System
• CPA
• Electronic commerce
• ERPS
• Faster Payments Service
• Immediate payments and the impact on corporate treasurers
• IMPS
• LVPS
• New Payments Platform (NPP)
• Payment rail
• Payment service provider (PSP)
• Payments and payment systems
• Real-Time Rail (RTR)
• Single Euro Payments Area (SEPA)

Other resource

UK Faster Payments Service, ACT Briefing note, 2008