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Despite six several years of operation, the fresh RTP system is evolving, Colassano claims. Going into the second half from 2023, he wants a steady stream from banking institutions and you may borrowing unions onboarding onto the system. And then make you to definitely easier, the newest RTP community is already integrated on the center processors, so it is easy to add RTP availability, he says. FedNow launches which have a great $one hundred,000 exchange limit, although cover can be extend in order to a maximum of $five-hundred,one hundred thousand.

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