The Biggest RTP Rival Is the Payment System That Already Works

§ 01 Executive Snapshot

• What: A report highlights the perceived benefits and barriers to adopting real-time payments among businesses.
• Who: The report was produced by PYMNTS Intelligence in collaboration with The Clearing House (TCH).
• Why it matters: Understanding the adoption of real-time payments can influence corporate finance strategies and payment infrastructure decisions.

§ 02 Key Developments

• 85% of businesses using instant payments reported faster access to funds for vendors and suppliers.
• 79% of businesses using instant payments experienced improved cash flow management.
• 29% of surveyed businesses plan to adopt real-time payment capabilities within six months.

§ 03 Strategic Context

• The divide in perception between businesses using real-time payments and those not suggests that experience greatly influences adoption decisions.
• Existing payment infrastructures are often deemed sufficient by 24% of businesses not using instant payments, which highlights a resistance to change.

§ 04 Strategic Implications

• Immediate market consequences may include increased competition among payment solutions as businesses weigh the benefits of real-time payments against existing methods.
• Long-term implications could see enhanced liquidity and financial control for companies that effectively integrate real-time payments into their operations.

§ 05 Risks & Constraints

• Potential risk of disruption in existing workflows if real-time payments do not integrate smoothly with current systems.
• Competition remains significant as many businesses feel their current payment methods are adequate, hindering the urgency to adopt new solutions.

§ 06 Watchlist / Forward Signals

• Watch for increased adoption rates as 53% of businesses expect to adopt the RTP network within two years.
• Future developments in ERP and treasury management integration will signal whether real-time payments can gain broader acceptance in corporate finance.