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