The latest RedCompass Labs report, ‘Time to leave legacy behind? Instant payments in the US‘, surveyed 300 senior payment professionals in US banks to get a better picture of the demand for instant payments, the barriers to implementation, the challenges banks face, and other important payment trends.
The research has revealed that, while two-thirds of banks aren’t signed up to RTP or FedNow, 63 per cent of US corporate bankers experience significant or overwhelming demand for instant payments from their corporate customers.
