RTP

Real-Time Payments

RTP is a U.S. real-time payments network that allows immediate, credit-push transfers between participating banks. Unlike ACH, transactions are irrevocable once sent and are available to the recipient almost instantly.

The RTP network is operated by The Clearing House and runs 24/7/365, similar to FedNow. It supports payment messaging features like request for payment and rich remittance data.

Related Terms

FedNow

FedNow is a real-time payment service operated by the Federal Reserve that enables instant credit tr...

ACH

Automated Clearing House

ACH is an electronic network for financial transactions in the United States. It processes large vol...

Wire Transfer

A wire transfer is an electronic transfer of funds between banks or financial institutions. Wire tra...

RTGS

Real-Time Gross Settlement

RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...

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