Real-Time Payments: Why Big Businesses Like Them But Don’t Use Them


Real-time payments are advantageous for firms of all sizes, and large corporations may utilize these benefits extensively. Real-Time Payments: How Speed Is Changing The Mix Of Business Payments, The Clearing House, September 2022 – Analyze the uptake and use of real-time payments in big businesses. According to the most current data, over two-thirds of big businesses that use real-time payments in at least one situation think the technology gives them a competitive edge.

Large firms often concur that it’s critical to have the ability to send and receive payments instantly. Nearly all either plan to extend their deployment immediately or are already doing so. However, real-time payments only represent a small part of all payments transmitted when combined with automated clearing house (ACH) payments.

We conducted a survey of 100 executives at businesses that utilize real-time payments for at least one form of payment and that have annual revenues of at least $250 million from June 29 to July 8 for our report, “Real-Time Payments: How Speed Is Changing The Mix Of Business Payments.” The resulting data provides an in-depth look at real-time payments at bigger companies in the distribution, utilities, wireless communication, and financial services sectors. It includes the payment mix that businesses currently use, the benefits they think the technology offers, and other factors that are driving adoption.

When major companies use the technology, real-time payments make up a considerable share of all payments made and received.

Real-time payments are used by the businesses that we studied for 19% of outgoing payments and 18% of incoming payment

Real-time payments are often viewed as being more significant by larger companies than by their smaller competitors.

Compared to 80% of businesses with sales between $500 million and $1 billion and 63% of those with revenues between $250 million and $500 million, 89% of businesses with revenues above $1 billion consider real-time payments capacity to be crucial for receiving payments.

Most significant businesses either have immediate plans to extend real-time payments implementation or are already doing so.

Sixty-nine percent of the businesses we examined either have plans for or are already engaged in expanding their real-time payments capabilities. Another third has this in mind over the next two to three years.

The report “Real-Time Payments: How Speed Is Changing The Mix Of Business Payments” underlines the growing significance of real-time payments for both inbound and outbound payments at large enterprises and offers a thorough analysis of the current status of this technology in the context of big businesses.