Systems

Real-time payments: the next big thing in US banking

“To adopt RTP, a client’s IT department or enterprise resource planning (ERP) vendor may need to upgrade systems to allow for sending and receiving payments. Once established, RTP works with existing bank accounts. Users will not be required to share account information or sign up for a separate, third-party service or disclose their account or debit card information. TCH has already reached out to many ERP vendors to help facilitate the use of RTP and payment-related messages.”