Jul 28, 2026 · 36 min · 14 segments
Glen speaks with author and Finavator CEO Michelle Beyo about her forthcoming book, her takes on the power of data and "trust as the new currency," and her open banking sessions at August's Fintech…
Glen SarvadyHost
Michelle BeyoGuest
A couple of quick things in the news right now, and not the burning like just hot off the presses stuff, but a few things that I think are worthy of a little more attention that they've been getting.
It came out a lot faster than usual, and I have to think that's because the Federal Reserve in particular was probably pretty pleased with these numbers and wanted to get them some attention more quickly, as quickly as they possibly could.
And they've nearly matched last year's total just within the first half of this year.
I'm not sure if everybody else would agree, but to me, this is pretty important.
Despite the fact that the number of transactions processed on a real-time basis more than doubled, the dollar amount that was being transmitted pretty much stayed the same.
And because of that, the average size of one of the payments over the FedNow rails dropped from $100,000, where it had been kind of bopping around for three, four quarters, all the way down to $55,000, still a pretty big number.
To me, again, that's a good sign because it says the product is probably being used for more regular kind of situation.
That's still a high number, and you'll see about here a comparison point to that in a second.
But it does say that it's kind of trending downward into a little bit more everyday adoption from a B2B standpoint, which is where they're not reporting it that way.
But I've still got to believe the vast majority of the volume is on the B2B side.
Not to be outdone, of course, RTP from the Clearinghouse put out their data as well.
Again, remember, the Fed processed just a little bit less, literally a sliver less than 5 million payments in the quarter.
The RTP system, which of course has been live for significantly longer, 142 million, so nearly 30 times more payments coming out of their system.
Or looking at it another way, they processed almost the same number that the Fed did in the quarter every three days on an average basis.
Their average dollar value is much lower, 4,000, even compared to the much lower number that the Fed is now reporting of 55,000, a 4,000 average.
And again, I'd love to get more granularity on the details that both of these organizations put out.
A couple of quick things in the news right now, and not the burning like just hot off the presses stuff, but a few things that I think are worthy of a little more attention that they've been getting.
It came out a lot faster than usual, and I have to think that's because the Federal Reserve in particular was probably pretty pleased with these numbers and wanted to get them some attention more quickly, as quickly as they possibly could.
And they've nearly matched last year's total just within the first half of this year.
I'm not sure if everybody else would agree, but to me, this is pretty important.
Despite the fact that the number of transactions processed on a real-time basis more than doubled, the dollar amount that was being transmitted pretty much stayed the same.
And because of that, the average size of one of the payments over the FedNow rails dropped from $100,000, where it had been kind of bopping around for three, four quarters, all the way down to $55,000, still a pretty big number.
To me, again, that's a good sign because it says the product is probably being used for more regular kind of situation.
That's still a high number, and you'll see about here a comparison point to that in a second.
But it does say that it's kind of trending downward into a little bit more everyday adoption from a B2B standpoint, which is where they're not reporting it that way.
But I've still got to believe the vast majority of the volume is on the B2B side.
Not to be outdone, of course, RTP from the Clearinghouse put out their data as well.
Again, remember, the Fed processed just a little bit less, literally a sliver less than 5 million payments in the quarter.
The RTP system, which of course has been live for significantly longer, 142 million, so nearly 30 times more payments coming out of their system.
Or looking at it another way, they processed almost the same number that the Fed did in the quarter every three days on an average basis.
Their average dollar value is much lower, 4,000, even compared to the much lower number that the Fed is now reporting of 55,000, a 4,000 average.
And again, I'd love to get more granularity on the details that both of these organizations put out.
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