Instant Payments: Why Now’s the Time to Plan for Real-Time
As we head into budget planning for 2026, there’s one area that deserves a closer look—your bank’s payments strategy. If you haven’t already started thinking about how Real-Time Payments (RTP) and FedNow fit into your roadmap, now’s the time.
These modern payment solutions aren’t just tech upgrades—they’re strategic tools that can help your bank stay competitive, serve clients better, and operate more efficiently.
Why Instant Payments Matter
Here’s what RTP and FedNow bring to the table:
- Better Client Experience
Your customers want speed and convenience. Instant payments deliver both—whether it’s paying vendors, splitting rent, or moving money between accounts. - Growth & Retention Opportunities
Offering real-time payments opens the door to value-added services that keep clients engaged and loyal. - New Revenue Streams
Instant payments can generate non-interest income through fees and premium services. - Lower Operational Costs
Fewer manual interventions mean fewer errors, less back-office work, and more time for your team to focus on strategic tasks. - Competitive Advantage
Tech-savvy clients are looking for banks that keep up. Real-time payments help you attract and retain these customers.
Budgeting for the Future
If instant payments aren’t part of your 2026 budget yet, it’s time to make room. These services empower your clients to move money seamlessly, while giving your bank the tools to improve efficiency and reduce costs.
Ready to Learn More?
Your Correspondent Banker is a great resource. They can walk you through how the payments landscape is evolving and help you explore how RTP and FedNow can support your bank’s strategic goals.