This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
From a Press Release dated June 9, 2025, Fort Lee, NJ Cross River Bank has launched its Request for Payment (RfP) solution, a new feature designed to enable secure, real-time inbound payments via the RTP® (Real-Time Payments) network.
According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-Time Payments) network advancements, including instant payroll, merchant settlements and tokenization.
Bottomline helps financial institutions modernise their payments infrastructure and enable multi-rail connectivity, while also supporting their readiness for industry-wide mandates and initiatives such as ISO 20022 and those similar to Project Nexus. What is Project Nexus, and how does it address today’s cross-border payment challenges?
PNC announced it is now live on The Clearing House’s real-time paymentsnetwork RTP, according to a press release published on Tuesday (Dec. via Finastra ’s Fusion Payments, a payment services platform. The financial institution (FI) has linked into RTP in the U.S.
Instant ACH Transfer Alternatives RTP Network The RTP (Real-Time Payments) Network, launched by The Clearing House, is an alternative option for those seeking instant money transfers. Wire Transfers Wire transfers, offered by companies like Western Union, can facilitate instant transfers between US bank accounts.
per RFP message, charged to the requestor. Another reason firms may be reluctant to join FedNow is that the new payment rail comes with a set of challenges for both sending and receiving payment. Additionally, banks may be holding back because of the fees that come with participating in FedNow.
Its initial launch will include core clearing and settlement functionality and some key value-added features, such as a Request-for-Payment (RfP), and over time it will enhance features in subsequent releases to continue to meet industry needs. Visit Center for Payments to connect with your Payments Association.
Truists newest bill-pay solution taps The Clearing Houses (TCH) Real-Time Paymentsnetworks Request for Payment (RfP) tool. The economy is changing to a more real-time, a more instantaneous one, Chris Ward, head of enterprise payments at the $536 billion bank, told Bank Automation News.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content