Real-time payments: Modernizing bank account-based payments

Real-time payments: Modernizing bank account-based payments

Published By: Research Desk Released: Jun 12, 2019

When compared to legacy bank transfers, RTP offers added benefits such as enhanced data and messaging capabilities, increased security and real-time funds availability.

The emphasis on data and messaging capabilities, in addition to real-time settlement, has positioned the U.S. RTP system as the most advanced system in the world.