Delay deploying instant payments at your own risk
Taking a wait-and-see approach, while seemingly a low-risk expense management play, could turn out to be a costly mistake.
We’ve heard several financial institutions intend to delay deploying instant payments capabilities, such as FedNow and The Clearinghouse’s RTP Network, until 2025 as part of broader cost-control initiatives.
While instant payment adoption is in its early stages—just 7% of U.S. financial institutions participate in instant payments based on data from federal regulators and The Clearinghouse—we assert that taking a “wait-and-see” approach, while seemingly a low-risk expense management play, could turn out to be a costly mistake.
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