An instant payment is an electronic credit transfer between financial institutions that can be initiated and settled almost immediately. Businesses can send or receive instant payments 24/7/365 using a service like the Real-Time Payment (RTP) network.
Increase growth agility with instant payments
Send and receive money in seconds through our real time payment (RTP) solution. Reduce costs and risk, increase control over cashflow management, and strengthen relationships with your customers, vendors and other partners.
Send payments 24/7/365
Keep cash longer and satisfy payees with instant payouts for gig workers, marketplace sellers and sub-merchants, insurance claims, online loan funding and more. Any time of day, recipients typically receive funds within seconds when both financial institutions support RTP processing.
Receive payments faster to boost liquidity
Collect receivables faster and gain more control for cash management with instant payments solutions that are irrevocable. Our real time payment platform enables fast bank transfers directly to your business checking account
Transfer instantly up to $10M
Enable real-time funding up to $10M in USD in a single transfer via the Real Time Payments® (RTP®) network. Our RTP payments capability delivers speed and scale for high-value transactions.
Automate reconciliation
Save time and increase accuracy with fast, detailed transaction data and automated reconciliation.
Reduce costs and risk
Instantly move money at lower cost than many traditional same-day methods. Real Time Payments® (RTP®) are generally irrevocable once settled, reducing your exposure to returns and chargebacks compared with other payment types.
Safeguard your business
Multi-layered fraud prevention and risk management tools across our network and the RTP network help support payment risk management.
Embed instant payment efficiency with APIs
Our Instant Payments APIs enable seamless money movement in fintech platforms, on-behalf-of payments for third-party processors, and other innovation economy use cases. Integrate our platform directly into your systems for real time payment processing at scale.
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Instant Payments FAQs
To receive instant payments, your customer (or other payer) initiates the money transfer to your business checking account. Unlike ACH where you can pull payment by debiting a payer’s account, with the RTP network payers must initiate the credit transfer.
Real-time payment networks provide maximum flexibility to send payments 24/7/365. No more having to plan around banking business hours, weekends or holidays. Recipients receive funds immediately in their bank account, and senders receive confirmation with detailed transaction data for easier reconciliation.