The Clearing House today announced an increase in the general transaction value limit for payments made on the Real-Time Payments Network. Effective April 18, the new transaction limit will be increased to $1 million from the current limit of $100,000. Depository institutions on the RTP network will be required to accept payments up to $1 million, however, individual participants may choose to set a lower value limit for payments they originate.
FFIEC announces chairman, new member of state liaison committee
The Federal Financial Institutions Examination Council today announced the re-election of Charles Cooper as chairman of its State Liaison Committee.