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Expansion of real-time payment systems. Expansion of real-time payment amounts. (Source: Shutterstock)

RTP network operator The Clearing House is upping its transaction limit to $100,000 on Feb. 1, 2020.

The decision to raise the cap on real-time payments from the current $25,000 came amid rising transaction volumes and user volumes, according to The Clearing House. Depository institutions on the RTP network will be required to accept payments up to $100,000, but individual participants can set lower value limits for payments they originate, it said.

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