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Home ABA Banking Journal Podcast

Podcast: Bringing Real-Time Payments to Every Bank

June 12, 2019
Reading Time: 1 min read
Podcast: Bringing Real-Time Payments to Every Bank

Clearing House President and CEO James Aramanda speaks at the ABA Payments Forum in May 2019.

The RTP network — the first new payment rail launched in the United States in four decades — is a bank-driven system for instant processing and settling of payments. Launched by the Clearing House and live since 2017, RTP is currently racing to connect as many U.S. depository institutions as possible. On the latest episode of the ABA Banking Journal Podcast, James Aramanda of the Clearing House and ABA President and CEO Rob Nichols discuss:

  • How RTP works, including its messaging function that allows for real-time invoicing and other advances.
  • RTP’s commitment to serve all financial institutions with flat pricing and no volume discounts.
  • What RTP is doing to work with core processors — including underwriting banks’ core implementation fees — to accelerate RTP adoption and achieve ubiquity by the end of 2020.
  • Why banks should consider joining RTP now, even if the Federal Reserve moves forward with its own 24/7/365 payments system.

If you can’t see the audio player above, click here to listen to this episode.

In this episode:

James Aramanda
President and CEO
The Clearing House
Rob Nichols
ABA President and CEO
Evan Sparks
Editor-in-Chief
ABA Banking Journal

 

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