FF News Logo
Friday, April 10, 2026
Consensus x FFNews

Breaking News

MPE 2026: Würth on Unified Commerce and the Necessity of Frictionless Payments MPE 2026: Wolt on Achieving An Invisible Checkout How Fintech-Powered Fuel Cards Are Overhauling Fleet Expense Management Why Stablecoins Don’t Work Without Boring Infrastructure Chubb Names Kevin Rampe Global Head of Claims BPC Launches BPC Payments to Power Digital Commerce and Real-Time Money Movement Across Latin America PayPal Brings Payment Links to Canva Creators Eleos Life Secures $3M Media-for-Equity Investment from Mercurius Media Capital to Accelerate U.S. Growth Pipe Raises $16 Million in New Funding Round Led by Fin Capital and MaC Venture Capital Money20/20 Unveils Global Powerhouse Jury for The Money Awards 2026 Bottomline Now a Nacha Preferred Partner for ACH Experience, Open Banking, and Risk and Fraud Prevention DXC Introduces New Assure Smart Apps to Accelerate Insurers’ AI-Powered Transformation OutRival Launches Dedicated Insurance Vertical, Bringing AI Voice Agents to Carriers, MGAs, and TPAs Nottingham Building Society Completes Core Banking Modernisation With SBS Meow Technologies Introduces Banking for AI Agents
RTP®-Network-Has-Billion-Dollar-Day

July 10 2024

RTP® Network Has Billion Dollar Day

Share this post:

Share on LinkedIn Share on WhatsApp

Consumers and businesses sent $1 billion in instant payments on June 28 over the RTP® network, a single day record for the largest instant payments system in the United States, operated by The Clearing House. The RTP network also experienced a record 82 million transactions in the second quarter, valued at a record $55 billion, as financial institution customers continued to use the network for all types of instant payments.

This record setting quarter continues an impressive trend for the RTP network, which previously set numerous records in Q1 2024. In Q2, payment volume grew 7% while overall payment value jumped 30% on the RTP network, as businesses and corporations increased the number of higher-value payments sent on the system as they leveraged instant payments for cash concentration.

“The increase in transaction value is due to broad adoption of the RTP network across a number of use cases, including account-to-account transfers, title insurance and mortgage closing payments, gig economy payouts, earned wage access, and more,” said Margaret Weichert, Chief Product Officer at The Clearing House. “Banks and credit unions that have joined the RTP network are seeing how instant payments can grow deposits, while meeting member and customer expectations for instant payment availability, 24/7.”

RTP Network Records: Second Quarter 2024

  • Single Day Value: $1.1 billion
  • Quarterly Volume: 82 million
  • Quarterly Value: $55 billion

People In This Post

Margaret Weichert

The Clearing House

Companies In This Post

The Clearing House
  1. MPE 2026: Würth on Unified Commerce and the Necessity of Frictionless Payments

    Event Videos 2026

     Read more
  2. MPE 2026: Wolt on Achieving An Invisible Checkout

    Event Videos 2026

     Read more
  3. How Fintech-Powered Fuel Cards Are Overhauling Fleet Expense Management

    Thought Leadership

     Read more
  4. Why Stablecoins Don’t Work Without Boring Infrastructure

    Thought Leadership

     Read more
  5. Chubb Names Kevin Rampe Global Head of Claims

    Insurtech

     Read more
FinovateSpring | FFNews
More On