Core Insights - Bank of America has seen a significant increase in the use of real-time payments (RTP) among its corporate clients, particularly after the transaction limit was raised, with transactions over $1 million now making up more than half of the total value of U.S. real-time payments processed by the bank [2] Group 1: Real-Time Payments Adoption - The increase in transaction limits has opened up new use cases for RTP, including real estate transactions and corporate activities [1] - The instant nature of RTP is beneficial for optimizing working capital and cash flow, with features such as convenience, transparency, and resiliency being highly valued by customers [3] - Companies are exploring new applications for RTP, such as just-in-time supplier payments and account-to-account money movement [4] Group 2: Bank of America Overview - Bank of America serves 94% of the Fortune 500 and 73% of the Global Fortune 500, providing a wide range of payment capabilities beyond RTP, including commercial cards and transactional FX solutions [5] - The bank operates approximately 3,700 retail financial centers and 15,000 ATMs, serving around 69 million consumer and small business clients [6] - Bank of America is a global leader in wealth management and corporate investment banking, with operations in over 35 countries [6] Group 3: RTP Network Features - The RTP network operates 24/7, ensuring immediate settlement of payments regardless of the time of day [8] - Originators of payments have transparency regarding the transaction status, while recipients receive payments within seconds [8] - RTP utilizes ISO 20022, allowing for detailed remittance information to be included with payments [8]