Remove Message Standards Remove Request for Payment Remove Wires
article thumbnail

Real-Time Payments Go Beyond The Need For Speed

PYMNTS

Billings noted that corporate clients are also interested in the data that real-time payments can provide across a multitude of payment types, spanning requests for payments, remittances and other transactions. But she added that “we do lose a lot when we talk just about speed.” The Rails Themselves .

article thumbnail

Citizens Bank’s Corporate Real-Time Payments Play

PYMNTS

The rail was built on the ISO 20022 messaging standard, which sends data and payments together. The ability to send a request for payment via RTP can help smooth reconciliation, he noted. . Leveraging requests for payment could really help in those situations.” .