BNY Mellon Announces its Participation in Real-time Payments Initiative
(Third Party Release)
BNY Mellon is among leading U.S. financial institutions entering the era of real time payments in the U.S. with its announcement that the company intends to participate in the Real-Time Payment (RTP) system being developed by The Clearing House.
“BNY Mellon's commitment to bring RTP system to market reflects the high level of leadership the company has demonstrated from the outset of the project, and their ability to provide real-time payment support as part of their outsourcing services for client banks represents an important network effects multiplier,” said Russ Waterhouse, executive vice president, product development and strategy for The Clearing House.