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Real-time payments for modern business needs

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Real-time payments dollars and information moving in sync

Real-time payments (RTP) are the smarter and faster alternative to cash, check and batch ACH thanks to processing done in seconds. While real-time payments suggest absolute immediacy, the ultimate advantage of real-time payments may lie in the powerful unlocking of shared transactional information. By coupling payment details with the transaction, real-time payments help improve efficiency, customer engagement, data transparency and accuracy. Real-time payments also help manage risks and streamline the reconciliation processes. So, while 24/7/365 instant accessibility is a key benefit, robust information can deliver a vital advantage.

How RTP + information work together

When real-time payments are made, there is so much more information that can be attached to the transactions. By coupling information with the transaction, there is an abundance of insight, which can help to improve business performance, enhance operational efficiencies, monitor fraud and manage risks.

Introducing the Mastercard Bill Pay Exchange 

Building from an industry-leading network with over 135,000 billers will help bring transparency, consistency and simplicity to consumer bill pay

 

Biller Setup

Will enable simplified biller setup for consumers, such as biller recommendations based on a consumer’s profile

 

Bill Presentment

Will enable consumers to use their mobile banking app to easily set up billers, receive notifications, see bill details and manage multiple bills in one place

 

Instant Funds

Will provide real-time access via bank account and ability for biller to receive funds instantly

 

 

Payment Transparency

Will enable real-time posting on the biller site and automated reconciliation
for the biller

 

Learn more about real-time payment solutions

Gain an in-depth perspective on real-time payments with our latest downloads

Business Payments 2022

Business Payments 2022

Industry 4.0 is defining the future of business payments, leading to worldwide payments reform

Real-time payments: modernizing bank-account based payments

Real-time payments: modernizing bank-account based payments

Discover how the U.S. real-time payments system has established itself as one of the most advanced in the world

Connect with us to learn more or request a demo