Stock illustration representing rapid movement of information or money via technology

Real-time payments (RTP) have already begun to transform the corporate treasury function, delivering a more efficient payment experience for businesses, their customers, payees, and employees. Now a key change will open up more opportunities for CFOs and treasurers who are considering RTP as a way to save time and money in their payments processes and give their business a competitive edge.

RTP provides immediate settlement of funds and instant payment notification for consumers and businesses of all sizes. Thus, with RTP, companies don’t need to wait days for a payment to settle and funds to flow into a bank account. RTP payments are less expensive than wire transfers, and unlike a wire, they can be sent outside of banking hours.

As of April 18, companies can move significantly more money through these payments—up from $100,000 previously to $1 million per transaction today. This means RTP transactions can be larger, while still providing fast and transparent payments for all parties.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.