Tracking Instant Payments:

The Benefits and Risks for Real Estate Transactions

Instant payment options are increasing.

FedNow® is here! And with it, another choice for instant payments.

Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live.

July’23

Another instant payment option, Real Time Payments (RTP) from The Clearing House, has been available since 2017.

Instant payments are attractive for their shorter transaction windows, high transaction limits, and low transaction fees.

80%

of consumers are interested in faster payments to businesses.

65%

of all U.S. direct deposit accounts are enabled with RTP.