Tom Groenfeldt
JULY 17, 2025
1970s, was built to move funds in bulk and in batch while today’s users increasingly expect immediacy in payments. RTP funds are irrevocable, so the receiver doesn’t have to worry non-sufficient funds or a sender trying to cancel the transaction and demand the money back. ACH, which was developed in the early.
Fintech Finance
AUGUST 15, 2024
In addition to providing support for sending instant payments, Modern Treasury also supports the ability to access the “Request for Payment (RFP)” capability at a growing number of banks.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
NOVEMBER 14, 2017
The first transaction, in addition to moving funds, also carried data in an invoice-like fashion to accompany requests for payments which are irrevocable. All in all, the transfer took three seconds — as opposed to the hours or days more typically associated with an ACH transfer.
Finovate
APRIL 25, 2024
Features Ensure irrevocable, instant inbound settlement with Request for Payment feature Reduce fraudulent funding risks associated with ACH and debit card loads Focus on high-impact, real-time payment use cases with seamless API integration Who’s it for?
Faster Payments Council
SEPTEMBER 17, 2019
In addition, Kirstin emphasized that the Fed would like to understand how our members feel about other proposed characteristics of FedNow, including: irrevocability additional descriptors that can be included in the ISO 20022 message format the $25,000 transaction limit real-time confirmation of the validity of the receiver's account intraday credit (..)
PYMNTS
APRIL 2, 2019
Real-Time Utilities Payments . RTP has showcased its ability to help customers pay providers for received services, but such systems offer more than immediate, final and irrevocable transactions. This also aids the treasury teams tasked with tracking payments.
PYMNTS
FEBRUARY 11, 2019
As that needle moves, and as the groundwork is laid for faster payments, Ruhe explained that it’s important to discuss just what faster payments means — in concept and execution. The flip side, as Webster added, is that when payments are done instantly and on demand, they are irrevocable.
Expert insights. Personalized for you.
Let's personalize your content