The Clearing House Pushes RTP Network Into International Real-Time Payments

The Clearing House, which is owned by a consortium of banks, is working to extend its RTP network across borders. Traditional international transfers involve multiple intermediary banks, foreign-exchange processing and compliance checks, and can take as long as three days to complete. Adding real-time payment capabilities could help financial institutions shorten settlement times and compete with FedNow, Visa and digital-asset providers.

The Clearing House plans to add support for international real-time payments to the RTP network in the coming months, enabling financial institutions and consumers to process cross-border transactions more quickly. At the time of the report, it had not announced an exact launch date, partner markets, transaction values or fee structure. The implementation timeline remains undisclosed.