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◆ClearingPost

RTP

FPS

The Clearing House Real-Time Payments - the first modern instant payment system in the US (launched Nov 2017, 3 years before FedNow). 24/7/365. ISO 20022 native. Operated by TCH (same operator as CHIPS). Max $10M per transaction. Reaches 72%+ of US DDAs.

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether RTP is running normally.

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Dated items ClearingPost holds, each with its source and whether the date is confirmed

  • The Clearing House · Authoritative (T1) · recorded 16 Sep 2026source ↗
  • The Clearing House · Authoritative (T1) · recorded 16 Sep 2026source ↗
  • The Clearing House · Authoritative (T1) · recorded 16 Sep 2026source ↗

Changed

All recorded changes →

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

Rules & documents

The rulebooks, operating rules and standards documents ClearingPost holds for RTP, current version first

Sources No status page recorded · 7 of 15 fields carry a source and a recorded date · latest sourced entry recorded 17 Sep 2026 · evidence details ↓

Record · RTP

Country
United States (US)
Currency
US Dollar (USD)
Operator
The Clearing House (TCH)
Type
FPS
Operating Window
24/7/365
Year Established
2017
Tier?
Tier 1
ISO 20022?
Native
Region
Americas
Settlement Type?
Gross
Participants
1,357+ (Aug 2026)
Avg Daily Transactions
~1.6M (Q2 2026: 142M in quarter)
Avg Daily Value
$6.6B/day (Aug 2026)
Availability
24/7/365
Notes

Cumulative since the November 2017 launch: TCH reports more than 1.7 billion transactions and more than $3.4 trillion cleared and settled on the RTP network (TCH RTP network page, as of September 2026).

The Clearing House (TCH) official website →
Reference Documents
RTP System Operating Rulesoperating rules
The Clearing House · Effective 06-01-2026 · Effective Jun 1, 2026
Latest recorded change

In-force edition listed by The Clearing House as 'Current RTP Operating Rules: Effective 06-01-2026'; cover reads 'RTP Operating Rules, June 1, 2026' and the contents page 'RTP Operating Rules, Effective June 1, 2026'. Supersedes the 01-01-2026 edition and precedes the upcoming 09-30-2026 and 10-04-2026 editions. The document carries no change log, so the specific amendments are not itemised here.

Entry recorded Sep 16, 2026
View document →
RTP Participation Rulesoperating rules
The Clearing House · Effective 06-01-2026 · Effective Jun 1, 2026
Latest recorded change

Updated RTP Participation Rules effective June 1, 2026, superseding July 21, 2025 edition. Published alongside updated RTP Operating Rules of the same effective date.

Entry recorded Sep 16, 2026
View document →
See all FPS systems →See all systems in United States →ISO 20022 migration status →Payment rails by country →
Other systems in the same country or region
FedwireRTGS
United States · USD · Federal Reserve
FedACH / NachaACH
United States · USD · Federal Reserve / Nacha
CHIPSRTGS
United States · USD · The Clearing House
FedNowFPS
United States · USD · Federal Reserve
LynxRTGS
Canada · CAD · Payments Canada
EFT / ACSSACH
Canada · CAD · Payments Canada

Operations · RTP

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for RTP (13)

Coverage whose headline or summary names RTP, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the RTP operator or external.

NewsJul 20, 2026Summary names “RTP”
ASC X9 Publishes First US QR Code Payment Standard
The Accredited Standards Committee X9 released X9.150, creating a common framework for merchant-presented QR codes that can initiate push payments across FedNow, RTP, ACH, and emerging digital payment rails in the United States.
External source · PYMNTS
NewsJul 4, 2026Headline names “RTP”
RTP Network Processes $576 Billion in Q2 2026 as Daily Average Hits $6 Billion
Network participation stood at over 1,260 financial institutions as of May 2026. The quarterly figure brings the RTP network's cumulative total since its 2017 launch to 1.6 billion transactions worth more than $3 trillion.
Operator source · The Clearing House
AnalysisJun 12, 2026Headline names “RTP”
US Instant Payments Settle Combined $751 Billion in Q1 2026 as FedNow and RTP Diverge on Payment Size
RTP's volume lead remains wide. Its single-day record of 2.27 million transactions on May 1 exceeded FedNow's Q1 daily average of 30,317 by a factor of 75. FedNow's value trajectory, however, is extraordinary: the $271.
External source · Federal Reserve Financial Services
NewsJun 12, 2026Summary names “RTP”
17 US Banks Commit to Clearing House Tokenized Deposit Settlement Network
TCH's blockchain-based deposit tokenization platform, backed by JPMorgan, Citigroup, Bank of America, and 14 other financial institutions, will connect on-chain settlements to existing CHIPS and RTP rails. The target launch is the first half of 2027.
External source · Ledger Insights
NewsJun 8, 2026Headline names “RTP”
The Clearing House to Operate Tokenized Deposit Network With Bridge to CHIPS and RTP
A consortium of seventeen US banks will build a shared tokenized deposit platform operated by The Clearing House, connecting on-chain settlement of commercial bank money to the existing CHIPS and RTP payment infrastructure.
External source · PRNewswire (The Clearing House)
NewsMay 18, 2026Headline names “RTP”
RTP Network Sets Single-Day Records: 2.27 Million Transactions Worth $8.62 Billion on May 1
The Clearing House reported a new RTP Network single-day high on May Day 2026, adding another volume signal to the US instant-payments market while RTP and FedNow continue to develop around different participant and use-case patterns.
Operator source · The Clearing House
NewsMay 15, 2026Headline names “RTP”
RTP Network Processes Record 2.27 Million Transactions on May Day
The Clearing House reported on May 14 that its RTP network set new single-day highs for both volume and value on May 1, as tax refund disbursements and corporate treasury adoption accelerate U.S. instant payment growth.
Operator source · The Clearing House
AnalysisMay 8, 2026Headline names “RTP”
RTP Processes 128 Million Payments in Q1 2026 as US Dual-Rail System Diverges on Use Case
Q1 2026 data reveals the US dual-rail instant payment system developing clear market segmentation. RTP handles 47 times more transactions than FedNow at a $3,750 average payment, reflecting retail leadership. FedNow's $99,414 average payment positions it as the corporate and high-value channel. Expansion plans from both operators in H2 2026 will test whether this specialization holds.
Operator source · The Clearing House
AnalysisMay 4, 2026Headline names “RTP”
RTP Posts $480 Billion Quarter as Clearing House Maps Correspondent Banking and Cross-Border Expansion
TCH's RTP network processed $480 billion in Q1 2026 and crossed 2 million daily transactions for the first time, as The Clearing House prepares domestic correspondent bank access for September and develops an IXB cross-border pilot with EBA CLEARING and SWIFT.
Operator source · The Clearing House
AnalysisApr 30, 2026Summary names “RTP”
US Instant Payment Rails Pursue Separate Cross-Border Strategies
The Federal Reserve and The Clearing House are independently extending FedNow and RTP beyond US borders through structurally different mechanisms, with RTP targeting a September 2026 correspondent bank launch and FedNow pursuing a regulatory amendment to Regulation J.
External source · Federal Reserve Board
Showing 10 of 13 · View all intelligence →

Wider coverage that mentions RTP (2)

These articles mention RTP in their text but not in their headline or summary, so they are listed as context rather than as RTP intelligence.

NewsAug 29, 2026Text mentions “RTP”
Richmond Fed: US Instant Payments at 0.12 Per Capita, Far Behind Global Peers
Three years after FedNow launched, a Federal Reserve Bank of Richmond study finds that combined US instant payment volume amounts to less than one transaction per person every eight months, far short of adoption levels in leading Asian and Latin American markets.
External source · Federal Reserve Bank of Richmond
NewsApr 23, 2026Text mentions “RTP”
FedNow Exceeds $850 Billion in 2025 Value as Network Reaches 1,700 Institutions
Quarterly statistics and annual reporting confirm rapid adoption of the Federal Reserve's two-year-old instant payment rail, which settled more than twenty times its 2024 value during 2025 and set new daily volume records in the first three months of 2026.
External source · American Banker
Not listed here: 4 tagged articles that do not mention RTP. All coverage is in Insights.