90% of Banks Say Customers Would Benefit From Instant Payments

Many financial institutions remain hesitant to adopt real-time payments due to concerns over legacy system upgrades, fraud risks, and customer demand. A PYMNTS Intelligence report explores these barriers and the importance of partnerships and rethinking consumer interest to drive wider adoption of real-time payment solutions.

Real-time payment systems have been slow to gain widespread adoption in the U.S. financial sector, despite a 7% increase in payment volume on the RTP® network in Q2 2024, according to The Clearing House.