Instant Payments
Q) I'm trying to socialize the adoption of an instant payment offering at my institution. What resources should I be looking at before having my next conversation with the decision makers at my financial institution?
A) We understand that having access to resources about any new payment offering is important, so our RTP® team has created a few different reference materials that are great for this specific circumstance.
The document Introduction to the RTP® System is a five part document that was developed to help all Participants and Third-Party Service Providers gain an initial understanding of the Network and it's features.
The RTP® Readiness Checklist is, in effect, an implementation checklist, and provides helpful guidance on the steps you need to know to be able to implement the RTP® Network. If you're stuck in understanding the differences between the two different funding models these documents go more in depth of the prefunding model and non-funding models with Funding Agents. The RTP Use Cases webpage spells out specific use cases that you may be able to relate to at your financial institution. For those with more to an eye towards compliance and particulars, head over to the RTP Document Library, where you'll be able to find more information on our Pricing Guide, different agreements, the RTP Audit and so much more.
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