RTP® Network Marks May Day with Record-Breaking Volume and Value

theclearinghouse

"The RTP® network, the nation’s largest system that processes over 98% of the U.S. economy’s bank-to-bank instant payments, set new single-day records by processing 2.27 million transactions worth $8.62 billion on May 1, reflecting the continued adoption of instant payments by consumers, financial institutions, and businesses. The volume growth of the RTP network, operated by The Clearing House, is driven by consumers looking for instant access to their funds to help balance household budgets."