About Jim Colassano

The RTP network, the nation’s largest instant payments system operated by The Clearing House, set a new single-day record, processing 1,808,967 transactions

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today released the 2025 edition of its State of Play in U.S. Faster Payments report. Developed by the FPC Network Committee, the report is now available for download in the FPC’s Faster Payments Knowledge Center.

Instant payments adoption is accelerating—and payments are getting bigger. In Q2 2025, the RTP® network, the largest instant payments system in the United States operated by The Clearing House that averages 1.18 million payments each day, processed $481 billion in payments, a 195% leap in value from the previous quarter. What’s behind the surge? Businesses and financial institutions are embracing larger, faster transactions, thanks to the network’s increased transaction limit of $10 million, introduced in February.