Real Time Payments’ Rapid Ascent Continues, with Some Odd Footnotes
In February we performed a side-by-side comparison of the impressive 2024 growth of RTP, FedNow and Same Day ACH, albeit off relatively small bases. At 2025’s halfway point the story is much the same- solid percentage growth continues despite larger starting points, while the dollar value of these transactions raises some intriguing questions.
Zelle Hits a Trillion, Same Day ACH Says “Hold My Beer”
A flurry of year-end data provided valuable insight on the state of faster payments in the US and prompted some organizational chest-thumping. It also breathes new life into the question, “how fast is fast enough?”
Making Sense of FedNow’s Data Dump
Almost precisely sixteen months after launching its long anticipated network of instant payment rails, in late November the Federal Reserve finally shared volume metrics for its FedNow service. While a welcome addition to our understanding of the landscape, the data is of the “glass half full/half empty” variety, and so far raises as many questions as it answers.
A Look Behind the Curtain- in Real Time
John and Glen provide a special peek inside the Innovation Club, as forward thinking credit union leaders brainstorm on the opportunities presented and risks posed by the new FedNow real-time payment rails.
The More Things (Inter)Change…
The latest on the Credit Card Competition Act, FedNow’s launch, and two credit union CEOs share their perspectives on deploying ChatGPT. Plus Glen actually says something (kind of) nice about Elon.