Real-Time Payments at the speed of life ™ ~

Real-Time Email Payments

What are Real-Time Email Payments

  • A Text Message is sent to a Payer, Request to Pay. The Payer clicks on the payment link and "pushes" the payment data to the Biller. In a business-to-business context, RTP offered by The Clearing House is a credit “push” system. Payments are pushed from the bank account of the business making the payment to the bank account of the company receiving it. In between, RTP supports the financial institution’s customer-facing systems for services like bill payment, cash management, peer-to-peer (P2P) payments, and emergency disbursements. Messages such as requests for payment, payment confirmations, requests for additional information, and remittance detail are used to create frictionless customer-facing interactions. TCH's system is the only privately owned Real-Time Payment "Rail" that can reach all U.S. bank and credit union accounts and enable funds to be sent and received within seconds. All TCH Real-Time payments are "Credit Push" instead of "Debit Pull."

    • Features & Benefits

    TCH Real-Time payments has benefits for all parties involved in Financial Transactions.
    Benefits to your company include:

    • Money Transfer: Transaction limit of $1,000,000.
    • It's Fast: 24/7/365 access to funds anytime vs. several days for paper checks or ACH transfers to process.
    • It's Final: Because TCH says so. All RTP are Final & Irrevocable (see Good Funds below).
    • Software Integration: Integrate your Management or Enterprise software with us.
    • Message Detail: Full 145 characters available using ISO 20022 XML format.
    • Online Down Payments: Don't use inconvenient and expensive Wires & Cashier's Checks.
    • Online Real-Time Reporting: Configured Dashboard with Virtual Terminal login.
    • Reduced calls / emails in the "Purchasing Chain": All parties to a "TCH Real-Time payments" transaction receive text & email messaging.
     Real-Time Payments via The Clearing House are GOOD FUNDS! The RTP System enables Participants to initiate credit transfers, receive final and irrevocable settlement for credit transfers, and make available to Receivers funds associated with such credit transfers in real-time, twenty-four (24) hours a day, seven (7) days a week, fifty-two (52) weeks a year.

  • Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNow ® Service, to support faster payments in the United States. What are FedNow Real-Time payments: FedNow - Federal Reserve Real-time Payments The Federal Reserve's FedNow Service will be the second system (see The Clearing House RTP) offering Real-Time Payment "Rail" that can reach all U.S. bank and credit union accounts and enable funds to be sent and received within seconds.


  • Not all Real-Time Payments are Good Funds. Real-Time Credit Card Payments and Real-Time ACH, although having the feature of instant settlement upon batching are not Final and Irrevocable.

What are Instant Payments

  • Definition: Instant payments are defined as electronic retail payment solutions available 24/7/365 and resulting in the immediate or close-to-immediate interbank clearing of the transaction and simultaneous debiting of the payer’s account and crediting of the payee’s account (within seconds of payment initiation) in a synchronous transaction, irrespective of the underlying payments instrument used (credit transfer, direct debit) and of the underlying clearing and settlement arrangements that make this possible. In addition to payment assurance and lower fees for transactions, many small businesses and large retailers alike are looking at instant payments to enhance their cash flow management, reduce fraud activity and provide incremental value to their customers. Definition provided by ACI Worldwide

  • Not all Instant payments are Good Funds. Although having the feature of real-time settlement, in part, because of Debit capabilities and the inclusion of Credit Card processing, are not Final and Irrevocable.

Good Funds Payments

  • Good Funds, is defined simply as: Immediately settled funds in a bank account that are irrevocable, intra-bank and/or interbank account-to-account (A2A) transfers and instantly usable by the owner of the account. Most Good Funds transactions are "Credit Push" versus "Debit Pull."

  • Good Funds Gateway, we believe, is the only payment processing gateway providing Good Funds Payments, "Real-Time" and Instant transactions, Wires, Visa Direct, ACH, Electronic Check, Credit Card, Debit Card and Paper Check conversion payment solutions all with one convenient login with the additional benefit of accounting software integrations! Our clients receive faster availability of funds on deposited items and instant notification of items presented for deposit – all based on real-time activity. Dedicated to providing superior customer service and industry-leading technology, Real-TimePayments.com provides tools to help organizations of all sizes reduce transaction costs, mitigate risk and increase efficiencies. Our system ensures proper Authentication, Authorization, Verification, Settlement, Notifications and Postings.

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GoodFundsGateway.com