Margaret Weichert

Jan 9, 2025 | ffnews.com | Dominic Sow |Margaret Weichert

More consumers and businesses than ever before benefited from real-time payments on the RTP® network in 2024, the largest instant payments system in the United States operated by The Clearing House. In 2024, payment value on the network jumped 94% from the previous year, logging in at $246 billion, while volume surged 38% to 343 million transactions.

Dec 5, 2024 | ffnews.com | Lauren Towner |Margaret Weichert |Matt Richardson

The Clearing House, the operator of the RTP® network, the largest instant payments system in the United States, will raise the individual transaction limit to $10 million. The increased limit supports growth on the network in areas including real estate, supply chain payments, and business-to-business transactions that require larger transaction amounts.

Nov 12, 2024 | ffnews.com | Lauren Towner |Margaret Weichert

The RTP® network, the largest instant payments system in the United States operated by The Clearing House, now averages over 1 million payments per day. The RTP network also set single day records of 1.46 million transactions valued at $1.24 billion on November 1.

Jul 10, 2024 | ffnews.com | Lauren Hinton |Margaret Weichert

Consumers and businesses sent $1 billion in instant payments on June 28 over the RTP® network, a single day record for the largest instant payments system in the United States, operated by The Clearing House. The RTP network also experienced a record 82 million transactions in the second quarter, valued at a record $55 billion, as financial institution customers continued to use the network for all types of instant payments.

Mar 27, 2023 | bankingblog.accenture.com | Jared Rorrer |Chris Scislowicz |Keri Smith |Margaret Weichert

Having pulled through the Covid pandemic, the unravelling of international supply chains and a global energy crunch, commercial banks must now grapple with a spike in interest rates and the collapse of some high-profile peer institutions. Rarely have I seen the banking industry in such flux and uncertainty. How should banks respond? My advice: Pause … take stock … focus on the fundamentals. Shifts in the global macro market prompted many banks to start the year cautiously.