The potential of real-time payments

In 2017, The Clearing House, supported by key technology partners including ACI Worldwide, launched RTP, a 24/7 real-time payments platform in the US available to all deposit-holding financial institutions. And although it took some time to gain momentum, it has recently seen a significant upswing in adoption.
“The growth in account-to-account real-time payments here in the US has been quite phenomenal over the last year or two,” says David Watson, CEO and President of The Clearing House, a bank consortium-owned company that is also responsible for around half of the US’ commercial automated clearing house (ACH) volume.