The RTP network has reached a major milestone, averaging more than 1 million payments per day, The Clearing House Payments Co. LLC says. In addition to crossing this threshold, the RTP network, which TCH launched in 2017 as a real-time payments network, also set a single day record of 1.46 …

Affinity Plus, a credit union, announced it has added a real-time payment service based on FedNow and The Clearing House Payments Co.’s RTP network. Ark Labs said it has closed on a $2.5-million funding round led by Tim Draper, a venture capitalist. The startup says the funding will help it as …

Of the now 900 financial institutions on the FedNow real-time payments network, 78% of them are community banks and credit unions, the Federal Reserve says. The 900 figure, found in updated data released on the FedNow Web site, comes as the instant payment service marks its first year of service. …

July 20 marks the one-year anniversary of the debut of FedNow, the Federal Reserve’s real-time payment service. It also marks the anniversary of the payments industry letting its breath out in anticipation of the launch. Since then, both FedNow and its fellow faster payments providers have all benefited from the …

As the Federal Reserve’s real-time payments network celebrates its first birthday, the payments industry takes stock of its impact on instant transfers. Launched with great fanfare in July 2023, the widely and long-anticipated FedNow has largely enjoyed a successful first year. One area where the network has excelled is in …

The RFP is emerging as one of the most important features of real-time payments platforms. Here’s how to implement it. Request for Payment (RFP) isn’t a novel concept in banking or payments, but it will drive a lot of innovation over the next decade. Many institutions will rely on RFP …

The Federal Reserve launched a user group for the 607 financial institutions that have signed on so far to participate in FedNow, the real-time payments network the regulator launched last summer with 35 participants, a count that had reached 400 by January. All live financial institutions and certified service providers are eligible …

AppBrilliance Inc., a provider of real-time payments technology, has partnered with Zoccam, a specialist in payments for the real-estate industry, to enable real-time payments for real-estate transactions. Zoccam will use AppBrilliance’s Money API to enable real-time transfers, such as earnest-money deposits, to be sent through The Clearing House Payment Co. …