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The limit will increase from $1 million to $10 million.

The RTP® network from The Clearing House is a real-time payments platform that all federally insured U.S. depository institutions are eligible to use for payments innovation. With mobile technology and digital commerce driving the need for safer and faster payments in the U.S., financial institutions of all sizes are taking advantage of the RTP network’s capabilities to create or enhance digital services for their corporate and retail customers.

The Clearing House has prepared educational videos regarding the RTP Rules and Legal Framework. Part 1 covers RTP Agreements, Introduction to the RTP Rules, and General Participant Responsibilities. Part 2 covers Key Sending Participant Obligations, Funding and Settlement, Key Receiving Participant Obligations, Requests for Return of Funds, Error Resolution, Fraud Reporting, and Requests for Payment.