Remove ACH Remove Consumer Authentication Remove RFP
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TCH’s Waterhouse: Real-Time Payments’ 2021 Focus Is On Smarter, Safer

PYMNTS

Waterhouse said the big evolution for the year ahead will involve taking what are now typically debit transactions like check or automated clearing house (ACH) debit and migrating those to the RTP network combining a Request for Payment (RfP) with a consumer authenticated RTP payment. The EIP Rollout.

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How Banks Can Overcome 10 Challenges with FedNow Payment Sending and Acceptance

Finovate

per RFP message, charged to the requestor. Ensuring compliance in real time Just as they do with ACH payments, banks need to ensure they are complying with regulatory requirements, including KYC, AML, and other regulations. Additionally, banks may be holding back because of the fees that come with participating in FedNow.

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