Real-Time Payments (RTP) Systems in the United States – How Can U.S. Banks Prepare?

Publish date:

Real-time posting and settlement has been one of the areas witnessing significant development in the recent past. Globally, several markets have adapted real-time payment systems. However, the U.S. lacks a comprehensive nationwide real-time system for low value payments, although it has a well established Real-Time Gross Settlement (RTGS) System for high value transactions. Hence, it […]

Real-time posting and settlement has been one of the areas witnessing significant development in the recent past. Globally, several markets have adapted real-time payment systems. However, the U.S. lacks a comprehensive nationwide real-time system for low value payments, although it has a well established Real-Time Gross Settlement (RTGS) System for high value transactions. Hence, it is imperative for the U.S. to implement a real-time system for retail payments. In such a scenario, it becomes a strategic necessity for the U.S. banks to adopt and migrate to such a system

rtp_systems_in_the_unit...

File size: 2.31 MB File type: PDF

Related Resources

Anticipatory Flood Risk Management

Insurers can play a crucial role to make communities resilient and mitigate such risks by...

GIS Analytics

Vegetation management can be one of the largest line items in your budget. But, constant...

The State of the Art in Agile Software Development

What is the latest in agile software development life cycle (SDLC)? This is a question we...