Off the Rails from the U.S. Faster Payments Council - FPC cover image

27 July 2023 Jim Colassano of The Clearing House on the RTP Network, Interoperability, Instant Payments Use Cases, and Indiana Jones

Off the Rails from the U.S. Faster Payments Council - FPC

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Instant Payments: The Future of Payments

The first reaction you get when you try and get a bank to sign up for RTP is why do I need it? Right. That right there is the net show. It's making payments work the way everything else works. And that's what we want to say because then it's not a use case. You should be able to use RTP for any type of payment that you could use an HCH or a wire for today Or electronic payment for today. We no longer have to talk about use cases because the diversity of use cases is extremely broad.

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