Digitization has transformed business and consumer expectations — the speed and complexity of doing business is increasing. We’ve come to expect real-time experiences and that’s true for payments. The U.S. market has seen a recent increase in the development of innovative payment products, real-time payments represent a new phase in the evolution of digital payments and the first new payments system in more than 40 years. The Clearing House’s RTP® system is addressing the gaps of antiquated payments networks that have existed for decades, marking an evolution in payments. The network’s capabilities go beyond just the transfer of funds. RTP’s multifaceted messaging capabilities allow for a two-way dialog between the sender and receiver – offering a platform for introducing fresh innovating solutions for business.
The goal of this session is to discuss RTP system capabilities and the unique ways it differentiates and complements other payment solutions. We will define some key attributes, discuss the incremental business value created and explore use cases. In this session, speakers will highlight lessons learned from real-time payments implementation and the opportunities the new system creates.