2020 Real-time Payments Report
Developing Successful RTP Product and Implementation Strategies
Real-time payments (RTP) is here, and it is not limited to big banks. Smaller and mid-sized financial institutions (FIs) understand the benefits and are considering adopting RTP.
RTP serves as an alternative payment method to options such as checks and ACH (Automated Clearing House), which use batched or delayed payments. RTP allows entities to make instant business-to-business (B2B), peer-to-peer (P2P), business-to-consumer (B2C), and consumer-to-business (C2B) transfers—24/7/365.
Levvel Research undertook research at organizations ranging from community banks and credit unions to multinational companies to uncover the drivers behind RTP, the challenges FIs face in adopting RTP, their readiness to implement RTP, and their implementation strategies.
Authored By
Chris Rigoni
Senior Financial Services Consultant
Kara Ford
Senior Financial Services Consultant
Chris Clark
Financial Services Consultant
Kathleen McDowell
Senior Director, Financial Services
Jamie Kim
Research Content Specialist
How can this report help you?
- Real time Payment (RTP) Functionality, Benefits, and Use Cases
- Trends on RTP Adoption and Application Among North American Financial Institutions
- RTP Implementation Strategies for Different Financial Institution Types
2020 Real-time Payments Report
Developing Successful RTP Product and Implementation Strategies
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