Real‑time payments, on tap

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. 

$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 real time payment solutions. 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.

Yes – Finzly's product integrates with your bank’s existing core for real‑time account validation and posting.