US Real-Time Payments: Linking Adoption and Connectivity

US Real-Time Payments: Linking Adoption and ConnectivityUS Real-Time Payments: Linking Adoption and Connectivity

Real-time payments (RTP) schemes are taking off across the globe, with more and more consumers and businesses in countries worldwide able to benefit from the speed and convenience of payments in real-time. The US came to the party in late 2017 with the launch of The Clearing House’s (TCH) RTP® system. With the proportion of US banks connected to RTP projected to double in 2019, volumes are expected to pick up strongly, accompanied by growing demand for real-time payments from business and corporate banking clients. Are you ready?

In this paper, Aite explores the current state of real-time payments in the US, provides projections for adoption and transaction volumes, makes a case for the importance of connectivity and insights on how to overcome the hurdles to adoption.