Real-time Payments

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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