Real-Time Settlement Coming to US Cards?

US Payment Infrastructure is in the midst of completing a major renovation. 

  • The Clearing House (TCH) Real-Time Payment (RTP)
  • FedNow
  • JPM’s ONYX (now renamed Kinexsys)

Let me preempt the #1 question most of you are about to ask “are card volumes at risk”? Nope, why on earth would banks want to walk away from the most profitable retail banking product in the history of man (see Future of Retail Banking)!?

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