RTP Tops One Million Transactions Per Day

The RTP^® network, the largest instant payments system in the United States, operated by The Clearing House, now averages over 1 million payments per day. The RTP network also set single day records of 1.46 million transactions valued at $1.24 billion on November 1. 
 
In October, the RTP network experienced a record 31.7 million transactions valued at $25.4 billion, up 6.2% and 9% respectively, from September, as financial institution customers continued to enjoy the ease and speed provided by instant payments on the network. 
 
Payment value on the RTP network is up 11.4% and transaction volume is up 12% from July 2024, which reinforces the trend we’re seeing from consumers and businesses looking for real-time payments from their financial services providers. These new records continue an impressive trend for the RTP network, which previously set numerous payment volume and value records in each quarter this year.

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Additionally, the RTP Business Committee has approved changes to the RTP Operating Rules and Participation Rules to become effective January 1, 2025.