With over 200 credit unions now live on the RTP® network, the journey to harnessing the full potential of instant payments is well underway. Credit unions are exploring how these innovative payment solutions can strengthen member relationships, drive growth, and unlock new revenue streams. In a recent panel discussion, experts from The Clearing House and Alacriti explored actionable strategies and real-world use cases for credit unions embracing instant payments.
Did you know that 59% of U.S. consumers live paycheck to paycheck?
This highlights the critical need for faster, more reliable payment solutions, a need that instant payments can fulfill.
Key takeaways:
- Instant payments offer a solution to the growing demand for faster, more reliable transactions.
- RTP network usage is growing rapidly, with origination volume up 15% per quarter.
- Instant payments are not only convenient but also secure, with fraud concerns being effectively addressed.
- Request for Payment (RFP) is streamlining bill payments and providing members with greater control over their finances.
Want to learn more about how instant payments can revolutionize your credit union? Download the full report for in-depth insights, use cases, and expert analysis.
