Amplify Credit Union data shows accounts receiving instant payments grow deposits faster

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Amplify Credit Union data shows that after enabling the receive-only capability of The Clearing House RTP network, business accounts that received at least one instant payment grew 25% faster, adding about $1 million in deposits in a single quarter; consumer accounts also grew 12% faster than the overall portfolio. Members who received instant payments were 3 times as likely to use debit cards as other members, providing financial institutions with another set of metrics for evaluating the deposit and account value of instant payments.