Home > Real Time Payments (RTP)/Instant Payments to Grow

Real Time Payments (RTP)/Instant Payments to Grow, Business and Industry Trends Analysis

Increasingly, companies are searching for new and innovative ways to process payments faster. Real-Time Payments (RTP, or Instant Payments) will become more widespread over the near future. The name refers to the speed at which a payment is credited to a payee’s account.

These real-time payments are each part of a “payment rail,” or a specific type of network. The networks generally close their transactions almost instantaneously, operate 24/7 and are considered “open loop.”

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