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Comerica Bank Delivers Real-Time Payments Through Commercial Online Payments Service

NEW YORK and DALLAS – Comerica Bank announced a major enhancement to its online payments service, Comerica Treasury Payments®, with the addition of real-time payments. Comerica is among the first banks to offer commercial and business banking customers the ability to send real-time payments over the RTP® network, which reaches approximately 60 percent of U.S. demand deposit accounts, and joins a number of banks making the service accessible through an online banking portal.

The RTP network, developed by The Clearing House, allows companies to send and receive immediate domestic funds credits of up to $100,000 to businesses and consumers.

Payments over the RTP network settle within seconds, providing immediate confirmation to the sender and immediate funds availability to the receiver. With 24/7 operation, payments can be sent and received after banking hours and on weekends and bank holidays. RTP payments are final once sent, so there’s no risk of a payment bouncing after the fact.

“The RTP network is the first real-time system designed for businesses, with transaction size limits that make it relevant for vendor payments and payroll,” said Peter Sefzik, Comerica Vice President, Executive Director of Commercial Bank. “And including remittance information in an integrated conversation makes using RTP payments appealing for electronic payment of invoices, especially when discounts or invoice adjustments are applied.”

Comerica incorporated the RTP payment and messaging functionality into its online payment product that also includes payments capabilities for ACH, wire transfers, account transfers and check services. The ability to view and manage RTP payment activity is also integrated with Comerica’s Treasury Mobile application.

Comerica’s other enhancement plans include the addition of Request for Payment messages later this year, enabling commercial customers to use the RTP network as a receivables tool for electronic billing and collections from consumers and other businesses.

“Critical business decisions are made by the same people who use payment apps for splitting dinner tabs and paying babysitters. They want the same speed for their business payments as they do for their personal finances,” said Steve Ledford, Senior Vice President of Product Strategy and Development at The Clearing House. “By providing online access to the payments and messaging capabilities of the RTP network, Comerica is solving the problem for the middle-market and business banking sector, and creating opportunities for these companies to transform their business by joining the real-time payments revolution.”

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About Comerica Bank
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $86.3 billion as of March 31, 2021.

Comerica Treasury Payments® is a registered mark of Comerica Bank.

About The Clearing House
The Clearing House operates U.S.-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image, and real-time payments. It is the nation’s most experienced payments company, with a long track record of providing secure and reliable systems, payments innovation, and strategic thought leadership to financial institutions. Most recently, The Clearing House has revolutionized U.S. payments infrastructure with the RTP® network, which supports the immediate clearing and settlement of payments, along with the ability to exchange related payment information across the same secure channel. These RTP capabilities enable all financial institutions to offer safer, faster, and smarter digital transaction services for their corporate and retail customers. Learn more at

RTP® is a registered mark of The Clearing House Payments Company L.L.C.

Media Contacts:
Louis Mora
Comerica Bank

Greg MacSweeney
The Clearing House
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