The Business Impact of Real-Time Payments (RTP)
Real-Time Payments (RTP) is a new payment method launched by The Clearing House (TCH) that allows consumers and businesses to send and receive immediate payments between participating banks, 24/7/365 days a year, including weekends and holidays, directly from their bank accounts.
Besides the immediate funds availability benefit, RTP provides four beneficial features for both consumers and businesses:
Transparency. The ability for immediate confirmation of Payment
Cash Management. The ability to improve liquidity with immediate deposits
Messaging. The ability for consumers, businesses and Financial Institutions to send messages to each other
Irrevocable. Once payment is sent out, it is final and cannot not be returned
Watch the Video
Hear how Real-Time Payments can be important to your business.
Duration: 02:13 mins
Download the Video Transcript (PDF)
Prepare Your Business for Real-Time Payments
Read our article,
Ramping Up Preparations for Real-Time Payments for a more in-depth look at Real-Time Payments and how to prepare your business for them.
Ready to Get Started?
Your business can now send and receive Real-Time Payments 24/7/365 through
Treasury CenterSM and BizPay, helping to improve your liquidity and cash management.
Read more about the
Real-Time Payment services (PDF) we offer.
You can also contact your relationship manager, call 1-800-724-2240 or
visit your local branch to learn how.