Real Time Payments Info Center


Real-time payments offer many new benefits for consumers and financial institutions alike. Our info center examines those benefits and takes a closer look at the evolution of the payments world and how real-time payments are becoming the future of the industry. Featuring articles, webinars and infographics created by Corporate One, the U.S. Faster Payments Council, and The Clearing House, this info center will help your credit union discover more about the benefits of real-time payments and learn how to get connected to real-time payments opportunities.

Videos

Webinars

Understanding Real-time Payments

Webinar

Real-time payments are here. Join us as we discuss the basics of the newest payment rail in 40 years, The Clearing House’s (TCH) RTP® network, along with the benefits of real-time payments. We will also explore how TCH and the Federal Reserve are working on creating frameworks to support ubiquitous real-time payments. Discover the role of the U.S. Faster Payments Council (FPC) and opportunities to influence industry decisions. Finally, we will discuss Corporate One’s role as a funding agent and participant on the RTP network and what that means for credit unions, as well as our CUSO Sherpa Technologies’ role as a third-party service provider. Hosted by Charles Harkness, Corporate One’s SVP, Strategic Operations Officer.

FedNowSM Service and Instant Payments in the U.S.: What’s Ahead from the Federal Reserve

Webinar

The Federal Reserve is striving to revolutionize the payments system of tomorrow with its real-time gross settlement (RTGS) offering, the FedNow Service. August’s Federal Register Notice marked a key milestone in the development of this service, which will provide core clearing and settlement capabilities to support a broad range of transaction types and instant payments use cases. Financial institutions, technology providers, businesses and consumers will be more empowered and benefit from immediate clearing and settlement, reduced inefficiencies and assurance of funds availability. Join this session to hear Charles Harkness, SVP Strategic Operations Officer with Corporate One, and Dan Baum, Head of Payments Product Management for the FedNow Service, discuss the latest developments in building the service, how industry stakeholders are informing the process, and steps your organization can take to prepare for and embrace this exciting new payment innovation.

Introducing the Newest Payment Rail in 40 years: The Clearing House’s RTP® Network

Webinar

Join Sherpa Technologies’ CEO and President, Keith Riddle, and The Clearing House’s Elena Whisler, SVP of Sales and Account Management, as they share the latest on The Clearing House’s RTP network. Learn how this network is facilitating real-time payments and the roles within the system. Keith and Elena will also dive into the benefits of the details and data that accompany enhanced payment messages, as well as how to get connected to the network itself.

How the U.S. Faster Payments Council is Helping Real-time Payments Become Reality

Webinar

Join Corporate One’s SVP, Strategic Operations Officer, Charles Harkness, and the U.S. Faster Payments Council’s (FPC) Executive Director, Reed Luhtanen, to learn about the mission and goals of the FPC, how the FPC is working to improve collaboration to facilitate a world-class, ubiquitous payment system in the U.S., and how you can become involved.

Resources

inVest48 Breakout Session: The Right Time for Real Time – Understanding Real-Time Payments & the Use Cases

At this year’s inVest48 conference, three of Corporate One’s resident experts on real-time payments hosted a breakout session where they discussed the benefits of real-time payments along with the cash-management implications and the around-the-clock responsibilities that come with them.

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Considering a third-party service provider (TPSP) in your real-time payments journey

If you’ve determined real-time payments are right for your credit union and you’d like to get started, one of the questions you’ll need to answer is: What technology and operational capabilities would be required for our institution to offer real-time payments?

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The FedNowSM Service brings significant benefits to financial institutions

The FedNowSM Service, an instant payment platform currently under development by the Federal Reserve, will bring significant benefits to financial institutions and their customers – consumers, businesses and other organizations. Because this is an all-new payment infrastructure, your readers may find it helpful to understand how it will work. This video explains the FedNow Service payment flow, including examples of how it will work in common payment transactions.

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RTP Timeline

Corporate One has been in the payments business for five decades, and it has long been part of our mission to help credit unions serve their members with reliable and efficient payment solutions. Observing the rapid evolution of the payments ecosystem over the last few years through participation in payments industry forums, we recognize that real-time payments will become the future of the industry.

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ISO 20022: An Introduction

What is ISO 20022? Why are there so many payment articles about ISO 20022? Does my credit union need to become an expert in ISO 20022 to be ready for faster payments?

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U.S. Faster Payments Council Shares Insights from 2nd Annual Faster Payments Barometer

Dec. 7, 2020 – The U.S. Faster Payments Council (FPC), in partnership with Glenbrook Partners, today released results from the 2nd annual Faster Payments Barometer. As part of its ongoing mission to understand, influence, and drive the industry toward a ubiquitous faster payments system, the FPC conducted the latest survey of payments system stakeholders to gauge their views on a variety of topics related to faster payments in the United States.

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RTP® Network Readiness Checklist for Banks and Credit Unions

When considering whether to become an RTP Participant, it is important to understand RTP system functionality and the obligations of the RTP Rules, including the RTP technical specifications. Such understanding will be imperative as prospective Participants review their business practices and procedures, and consider appropriate changes and controls needed to comply with the RTP Rules and technical requirements.

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RTP Use Cases Infographic

As the market migrates to real time, business cases for faster payments include immediate consumer-to-consumer money movement (P2P and A2A), consumer bill payment, business disbursements, enhanced payroll support for select employee groups (SEGs), and accelerated loan disbursement and payment use cases.

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