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RTP® 101: Introduction to RTP®

Electronic Format

Everything an institution needs to get acquainted with the RTP® network: what it is, what it is not, and how money really moves on it. Myths are dispelled, pop quizzes keep readers honest, and the network’s rules come to life.

Inside the book
Opens with an introduction to the RTP® network and RTP® transactions, The Clearing House (TCH®), and "What RTP® is NOT," dispelling the common myths. Continues through the payment types allowed on the network, prohibited actions such as searching for accounts, prohibited transactions involving foreign accounts, eligibility requirements, participants, funding participants and funding providers, payment service providers, the on-behalf-of (OBO) payment rules, sending and receiving participant compliance, ISO® 20022 messaging, Request for Payment, and settlement and prefunding, with pop quizzes and answer keys throughout.

Who it’s for
Banks and credit unions comparing or adopting instant payment rails, frontline and operations staff new to RTP, and trainers introducing faster payments.

This publication is formatted as a PDF document. Users must have access to Adobe Reader.

Format: PDF

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