Cheryl Gurz Product Manager with RTP at The Clearing House in this episode is explaining the key functionality of RTP and the backend. Here are the key takeaways from the interview: TCH basically works to recoup the losses - they are not for profit. Zelle does instant clearing but not settlement, while RTP is the first network in the US where clearing and settlement are done together on the good funds model. Majority of payments are executed in 3.5 seconds. 5 million of RFPs were...
