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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. With the rise of new payment usecases and heightened customer expectations, the demand for faster payments in the U.S.
RTP adoption has since spread across myriad industries and usescases, ranging from companies paying suppliers, each other and their consumers to government entities making payouts to firms or individuals. Real-Time Utilities Payments . This also aids the treasury teams tasked with tracking payments.
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