The Clearing House raised the transaction limit on its Real Time Payments network to $10 million, opening the door for new uses of the rail for commercial transactions.  

The Clearing House (TCH) expects to see growth in volume and use cases, Jim Colassano, senior vice president of product development at TCH, told Bank Automation News. Spurring some of that growth will be the momentum of hitting $500 billion in payments at the end of November. 

The new $10 million transaction limit opens the door to new use cases, according to a release from TCH on Dec. 4. The new limit is effective Feb. 9. 

The network now goes beyond consumer payments into business-to-business traffic, Bridget Hall, leader of RTP for the Americas at tech provider ACI Worldwide, told BAN. 

Commercial uses of the network now extend to: 

• Real estate and title insurance payments; 

• Merchant settlements; 

• Supply chain payments; and 

• Moving business funds between accounts to optimize liquidity.  

When RTP launched seven years ago, the limit was $500,000; it rose to $1 million in April 2022 before the increase to $10 million.  

The latest increase is “showing continued growth and confidence” in the rail, Hall said. 

Register here for early-bird pricing for Bank Automation Summit 2025, taking place March 3-4 in Nashville, Tenn. View the full event agenda here.