The following guest blog post is by Tim Mills, VP of Business Development at The Clearing House Payments Company (TCH).
Tim has been a frequent speaker in the payments industry and TCH is a Platinum Sponsor at this years EPCOR Payments Conferences.
If you want to learn more about Real-time Payments (RTP®) from the network creator, enroll today in the fall conference!
The upcoming EPCOR Payments Conference- Fall 2018 is a great place for you to get up to speed about real-time payments.
Bank services powered by RTP® create a better customer experience – one that aligns with the real-time way people live and work today. It takes just seconds for a customer to pay for household services on the spot, or split a payment, or make the deadline for tuition, utility bills, taxes and more.
Since the first transaction in November, several banks are now using the RTP® network as a way to clear and settle payments within seconds. More than 100 financial institutions expected to connect by the end of this year, with the goal to have all banks and credit unions participating by 2020.
In addition to speed, new capabilities in RTP can differentiate services to attract new customers and deposits. The payment along with conversational messages like Request for Payment, Payment Confirmation, Request for Additional Information and Remittance Detail can be combined in new ways to create truly efficient and practical payment services for individuals and businesses.
The first step is to learn about RTP® - what makes it different from existing core infrastructure, how it works, how to get connected through a service provider or directly, what it can do to transform your banking services.
The Clearing House team is participating in the EPCOR conference to discuss RTP capabilities, how to get started, and answer any questions you have. In addition, The Clearing House and EPCOR are bringing programs at no charge directly to the membership through in-person briefings and workshops as well as regularly scheduled webinars.
Sign up for the EPCOR Payments Conference, October 24 in Overland Park, Kansas here and learn more at theclearinghouse.org.