TCH, which is owned by some of the world's largest banks, has worked with MasterCard Vocalink payment infrastructure company to manage the change. Vocalink has already driven real-time payments systems in several countries, including the U.K., Singapore and Thailand, to reduce the time taken to process payments from days to seconds. The introduction of a similar service to the U.S. may be long overdue. Indeed, TCH notes that the launch of RTP marks the first new core payment system in the U.S. for more than 40 years, and during that time, the expectations of consumers and businesses when it comes to payments have changed dramatically.

https://www.mobilepaymentstoday.com/blogs/can-real-time-payments-transform-the-us-market/