Payments Services

Access

Real-time Payments is new, core industry infrastructure, like ACH, Fedwire or CHIPS.  The goal is for total ubiquity, with every U.S. financial institution connected directly or indirectly.  The system is designed for global compatibility, but will focus initially on achieving ubiquity in the U.S.



Here's how it fits together:


Ecosystem
 
TCH Cog
     THE CLEARING HOUSE
  • Orchestrates the movement of payments and related messages to and from participants
  • Provides optional directory and token-related services 
  • Includes network-level anti-fraud alerts to supplement required FI programs that screen individual transactions

Financial Institution
     FINANCIAL INSTITUTIONS
  • Global banks, regional banks, community banks, credit unions….  
  • Create value-added services with real-time speed for retail, small business and corporate customers

Third Party Processor
     THIRD PARTY PROCESSORS
  • Financial institutions can connect directly or through third-party service providers


Current IT Services Companies offering RTP Connectivity: