Instant Payments: RTP® Network and FEDNOW® Service
Transform your business in real-time with instant payments
Instant payments are the future of money movement. Designed for the modern economy, these real-time payments through the RTP network and FedNow Service provide access to immediate funds, automated processing and rich payment and remittance data 24-hours a day. Take control of your money movement and drive transformation in your front-office customer experience and back-office operations by elevating your current tools and capabilities.
Move your business funds safer, faster and smarter.
Your business moves in real time, and so should your payments. Instant payments enable better business across a wide range of functions through secure payment platforms. Send, receive and request immediate payments with an end-to-end payment solution that streamlines the experience for customers, vendors and employees.
Experience the benefits of instant payments.
Through the RTP network and FedNow Service, you’ll realize tangible benefits that have the power to fuel your payments transformation.
Immediate
Funds are available to the receiving person or business immediately, 24/7, every day of the year.
Irrevocable
Every payment is irrevocable and confirmed within seconds.
Data-rich
Rich payment and remittance data through ISO 20022 reduces manual collection.
High transaction limits
Transaction limits are $10 million on the RTP Network and $500,000 for FedNow Service.
Move money in real-time.
With the RTP network and FedNow Service, payment experiences are modernized with near-instant payment confirmations, reduced reconciliation costs and improved cash flow.
Use instant payments to:
- Send money: Disburse near-instant funds with immediate availability to businesses or consumers, even on nights, weekends and holidays.
- Request payment: Initiate a Request for Payment (RfP), which sends a data-rich digital bill through the receiver’s bank that allows an immediate payment back.*
*Available now through the RTP network; expected future addition to the FedNow Service.
Grow your organization with a suite of U.S. Bank-backed payment services.
As one of the first banks to initiate a real-time payment through the RTP network, we've built a highly scalable payments infrastructure from the ground up. To help you build an end-to-end experience, we stay on the leading edge and always put your needs at the center of our solutions.
Connectivity for your business
- Choose to connect through API, file transmission or our SinglePoint® online cash management portal.
- Embed payments into the systems, tools and platforms you already use and make life easier for your customers, company and supply chain partners.
Leverage comprehensive solutions.
- Payee Choice lets you provide digital disbursement options to payees. Streamline payments while creating a superior experience. Offer instant payments, Zelle®, push-to-card, ACH, prepaid cards or checks within a single platform.
- Pay Smart intelligent routing service allows you to capture significant savings and efficiencies with automated, rules-based payments origination. Pay Smart recommends instant payments, when available, and prioritizes alternative payment options.
Gain insights into how instant payments transform money movement.
Find answers to your questions about instant payments.
Talk to an instant payments expert.
Reach out to our team anytime to talk about real time payments and what we can do to help you understand, adopt and benefit from the latest in payment technology.
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