The Importance of RTP Payments: Making RTP Payments Work for Small Businesses

Report Summary

The Importance of RTP Payments: Making RTP Payments Work for Small Businesses

FIs need to understand the cost of failing to take advantage of real-time payments—for themselves and the small businesses they serve.


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Erika Baumann
Director, Commercial Banking & Payments Practice

July 5, 2022 – As the commercial payments landscape continues to evolve, technology is becoming more accessible, and small businesses have new opportunities to adopt tools associated with the procure-to-pay process. Real-time payments play a large role in this landscape, providing small businesses the benefit of instant and frictionless payments to improve working capital, recipient satisfaction, and operational workflows.

This report identifies the advantages of RTP capabilities for small businesses that financial institutions and vendor partners should be aware of and know how to position. It is based on Aite-Novarica Group research from two 2021 surveys of U.S.-based small businesses and on interviews with representatives from The Clearing House.

This 13-page Impact Report contains three figures. Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this report and the corresponding charts.

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This report mentions BNY Mellon, The Clearing House, and U.S. Bank.

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