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TCH increasing RTP payment cap to $100,000
The Clearing House has announced it will increase the general transaction value limit on its RTP® (real time payments) network from $25,000 to $100,000, effective February 1, 2020. Under the new rules, depository institutions on the RTP network are required to accept payments up to $100,000. However, individual participants may set a lower value limit for payments they originate.