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Drawn on new research from Aite Group, we explore: current trends, the challenges with adoption, options for connectivity and insights to unlock the full potential of RTP.

of banks plan to support payment receipt and initiation.2

Channels Clearing and Settlement

Middleware / Payment Systems

CustomerNotifications

ADOPTION OF REAL-TIME PAYMENTSA Slow and Steady Incline with Projections to Climb

OPTIONS AND PLANS FOR CONNECTIVITY2

1. Source: The Clearing House, December 2018.

2. Source: Aite Group Survey of 57 banks, December 2018.

US 1581 / 0219

“ Seeking a trusted partner will help to relieve internal pressure around back-end technology requirements, is an effective way to speed time-to-market, provides an opportunity to learn from the experts within those organizations, and effectively establish RTP connectivity.”Erika Baumann,Senior Research Analyst, Aite Group

“ RTP provides a great opportunity for banks to meet customer demand, differentiate themselves in the market, and help improve the cash conversion cycle.”Robert Mancini, Head of Payments, Americas, Finastra

12

2018

Number of Banks Percentage of US Demand Deposit Base1

e20192018 e2020 and beyond

20190 0

20

40

60

80

100120

140

160

5

10

15

20

25 24

There are 12 banks live on RTP® with this number expected to double in 2019.1

50%

Third-party connection

Direct connection to RTP®

Via Corporate Credit Union

Undecided/ I don’t know

43%

27%

29%

2%

RTP HAS AN END-TO-END IMPACT

KEY CHALLENGES TO ADOPTION2

OVERCOME HURDLES WITH A TRUSTED PARTNER

59%Resource scarcity

(time, staff, budget)

41%Legacy

technology

49%Need more

information/education

41%Lack business case

Learn more and download the full Aite Group report on Real-time Payments: Linking Adoption and Connectivity.

REMOVING BARRIERS TO ADOPTION FOR US REAL-TIME PAYMENTS

The US entered the real-time payments arena for business payments with The Clearing House’s launch of the RTP® system. However, volumes remain low and many banks are still not connected. So, what is holding back adoption?