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FedNow VS RTP: Can Two Real-Time Payments Systems Coexist in the US Market?

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RedCompass Labs

RedCompass Labs helps financial institutions deliver profitable, secure, endtoend payment and financial crime services and solutions. Find out how: https://www.redcompasslabs.com

In November of 2017, The Clearing House’s RTP network processed the first realtime payments in the United States and has since continued to grow. Today, it has more than 280 participants capable of sending and receiving realtime payments.

But now, there's a new kid on the block The Federal Reserve's FedNow realtime payments solution launching in 2023. In this video, learn how RedCompass Labs views how RTP and the coming FedNow can coexist.

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posted by reunion08fw