Allow customers to initiate instant payments, fund & manage accounts, using our Experience Hub directly, or through your digital banking platforms.
Offer comprehensive REST-APIs to fintechs and corporate customers to access all payment rails, including RTP®, using one simple API integration.
Provide great customer experience by helping customers track the status of their payments in real-time. Fintech customers get notified of payments instantly.
Regardless of the core at your bank, we take care of integrating into your existing core for real-time account validation and posting in real-time into core and GL accounts.
Send and Receive RTP® payments on a 24/7/365 model through multiple channels - APIs, bulk files and digital banking.
Take full control of RTP® processing through configurable workflows - automate fully or take control through additional steps.
Take advantage of our direct connections to the RTP® network and enjoy an accelerated go-to-market.
Enjoy cost savings by processing both RTP® and FedNow payments using the same central payment hub.
All messages for RTP® are sent/received in ISO20022-native format. Easily add overlay value-added services to power innovation.
Orchestrate payments with smart routing through the correct rail depending on pre-defined, customizable rules.
Zelle is a system for customers to send money to people they know using a mobile phone number or email address as an option to identify the recipient while Instant Payment networks allow senders to use the routing number and checking or savings account number of the recipient’s bank account.
There are two options to connect to the RTP® network: federally insured US depository institutions can connect directly or connect through a Third Party Service Provider (TPSP) like Finzly.
Of course, you can. Using a Third Party Service Provider (TPSP) like Finzly, you can start processing payments on the RTP® network effortlessly.
$1 million is the current credit transfer limit on the RTP® network.
Instant payments and real-time payments are essentially the same thing; the Federal Reserve uses the term Instant Payments while The Clearing House uses real-time payments (RTP®)
On the other hand, a faster payment is a payment system that posts and settles payments faster than traditional payment rails. For example- NACHA's Same Day ACH and Zelle. While they are fast, they don’t necessarily settle in real-time.
Yes, banks can choose to offer one or both instant payment rails. They can choose to start with one and add another or drop one and add another. This becomes easy with a payment hub like Finzly's Payment Hub, which simplifies switching between rails.
We recommend that launching real-time payments at your bank needs a concrete strategy as it involves technical, operational and business model changes. Book an advisory session with our payments experts to understand how other banks are embarking on this journey.
Yes – Finzly's product integrates with your bank’s existing core for real-time account validation and posting.
There’s no longer a reason for your bank to lack competitive, technological advantages. Instead, you’re free to innovate at the speed of fintech so both you and your customers have the services you need to thrive in today’s world.
Banks that trust Finzly
There is an increasing push towards instant payroll processing at gig economy companies, where increasingly workers demand instant access to earned wages, rather than having to wait for weeks.
The industry’s payments ecosystem is developing rapidly in response to increasing consumer demand for faster, smarter payments.
Banks, irrespective of their size, are adopting instant payments through easy schemes provided by the Fed and TCH. The time is ripe and the market is marching towards maturity.