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PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. RTP Expands Across FI Base. are increasingly linking into the real-time payments infrastructure of the RTP network, according to a new survey by The Clearing House.
Payment operations software company Modern Treasury raised $38 million through an Altimeter Capital-led Series B funding round, according to a Tuesday (Jan. In terms of payment innovation, the company notes that real-time payments (RTP) account for over 6 percent of its volume. 12) announcement. The company says that over $18.5
PNC TreasuryManagement is rolling out a new solution designed to optimize corporate treasurers’ B2B payments. Options for payment methods will include real-time payment (RTP), same day ACH or next day ACH, with PNC planning to incorporate a wire transfer option in the first quarter of next year.
PNC announced it is now live on The Clearing House’s real-time payments network RTP, according to a press release published on Tuesday (Dec. The financial institution (FI) has linked into RTP in the U.S. PNC said it has been using Fusion Payments to process wire payments.
Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasurymanagement; and infrastructure expert Domenico Scaffidi of Volante Technologies. That was then, this is now.”.
With the NetworkPay integration, approved invoices can automatically initiate payments to suppliers via ACH virtual cards or wire payments. Financial services firm PNC TreasuryManagement , for one, recently announced that its corporate clients are now connected to their Real-Time Payments (RTP) network.
In the announcement detailing the deal, PNC said the acquisition would expand the company’s TreasuryManagement’s payments platform — specifically by enabling corporate clients to manage payables and receivables through a single channel, spanning all payment rails.
One of them is Deluxe Corporation, whose TreasuryManagement Solutions unit announced this week a new plug-and-play check scanner that allows users to more seamlessly begin scanning paper checks and integrating that information into back-end systems. s first new payment rail since ACH launched in 1974.
It’s great to get a check, or wire, or ACH, but if you don’t know what it’s to be applied to, you have a huge cash application and reconciliation challenge.”. It enables payment information to travel with the payment so that the payment can be properly applied to the appropriate invoice,” he said. “In
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