Which entity manages the RTP Network in Faster Payments?

The RTP (Real-Time Payments) Network is managed by The Clearing House, a private sector organization that plays a significant role in the U.S. payments system. As the first new payments network in the U.S. in over 40 years, RTP facilitates real-time, 24/7 payments between participating banks and financial institutions. The Clearing House not only oversees the operational management of the RTP Network but also ensures compliance with industry standards, connectivity, and the implementation of various services that enhance payment efficiency.

The involvement of The Clearing House in managing the RTP Network reflects its broad experience and historical role in the payments landscape, as it has been a leader in payment systems for many decades. Through RTP, The Clearing House aims to modernize the payment infrastructure, providing faster processing times and enabling instant access to funds for consumers and businesses alike.