Real time payments have only been a reality in the United States since 2017. The RTP network was the first new payments scheme in the U.S. in 40 years. But even in its adolescence, RTP in the U.S. has had a demonstrable impact. Financial liquidity is crucial for small businesses, consumers and corporations alike, and real time payments have shifted the power to the people. No longer are banks the sole gatekeepers to financial flexibility. Add a global pandemic and the growing gig economy, and real time payments seem to be the solution. 

But according to Ginny Chappell, Senior Vice President, Global Real-time Payments, FIS, the U.S.’s legacy infrastructure and payment traditions have made the leap to RTP harder. In this episode of Financial Futures, we’re examining digital payment trends in the United States and learning how RTP is revolutionizing our financial landscape--and what it will take for us to see widespread adoption of this innovation. 

We’ll also learn:  

• How have funds been dispersed traditionally in the United States? 
• What are the limitations of real time payments? 
• How does RTP foster financial inclusion? 
• What’s a me-to-me payment?