Real-time Payments: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Add example.)
imported>Doug Williamson
(Add link.)
 
(8 intermediate revisions by the same user not shown)
Line 3: Line 3:
(RTP).  
(RTP).  


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




<span style="color:#4B0082">'''''Instant payments for corporates?'''''</span>
:<span style="color:#4B0082">'''''Instant payments for corporates?'''''</span>


:"... in a live proving exercise a [UK] Faster Payment valued in the tens of millions of pounds was sent and received.
:"... in a live proving exercise a [UK] Faster Payment valued in the tens of millions of pounds was sent and received.
Line 26: Line 26:
* [[IMPS]]
* [[IMPS]]
* [[LVPS]]
* [[LVPS]]
* [[NPP]]
* [[New Payments Platform]]  (NPP)
* [[Payment rail]]
*[[Payment service provider]] (PSP)
* [[Payments and payment systems]]
* [[Payments and payment systems]]
* [[PSP]]
* [[Real-time]]
* [[SEPA]]
* [[Real-Time Rail]]  (RTR)
* [[Single Euro Payments Area]] (SEPA)


 
[[Category:Cash_management]]
===Other links===
[http://www.treasurers.org/node/2932 UK Faster Payments Service, ACT Briefing note, 2008]

Latest revision as of 00:10, 12 March 2023

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