FEDNOW® & RTP® SETTLEMENT SOLUTIONS
Remain relevant and competitive in an increasingly dynamic payments landscape.
Participating in Faster Payments – Instant Payments
Faster Payments – Instant Payments is a global banking initiative focused to deliver speed, availability, accessibility and security of instant payments.
The Real Time Payments (RTP®) and FedNow® instant payment networks enable financial institutions to provide near-instant availability of funds between recipients. The settlement of funds is concurrent and financial institutions are obligated to follow the rules of the RTP and FedNow network.
Navigating the instant payment networks can be challenging for community banks, especially those who do not have a Federal Reserve Bank Master Account, internal personnel expertise, dedicated resources and/ or the financial obligation to maximize the use of the instant payment networks, allowing them to remain competitive amongst larger financial institutions.
Each singular payment has a series of steps and interactions with financial institutions or a payment service provider. One being the transaction consisting of the payer and payee, the debit and credit. The second side of the transaction is the settlement, whether at a correspondent account or at your Master Account, Instant Payment settlement occurs 24/7/365.
RTP Funding Agent with Smart Liquidity℠
Real-Time Payment (RTP) settlement is unique with 100% of the RTP settlement taking place in a closed settlement account at the Federal Reserve Bank of New York.
By partnering with Bankers’ Bank, which was the first Correspondent Bank to support RTP settlement for community banks across the United States, it eliminates the encumbrance of self-managing the settlement of RTP, 7 days a week. Fortunately, we’ll keep your bank on 5 day a week accounting by providing a net entry to your Bankers’ Bank DDA account and a daily settlement report to assist with reconciliation.
When deploying RTP Send, our Smart Liquidity capability eliminates the concern of an RTP Send transaction being declined for a lack of good funds in your individual position. Allow us to help manage that risk on your behalf while providing continuous liquidity professional guidance to support your RTP Send activity.
FedNow Settlement with Smart Liquidity
By Partnering with Bankers’ Bank, it eliminates the encumbrance of self-managing the settlement of FedNow, 7 days a week. Fortunately, we’ll keep your bank on 5 day a week accounting by providing a net entry to your Bankers’ Bank DDA account and provide a daily settlement report to assist with reconciliation.
Choose Bankers’ Bank as your trusted Settlement Partner
- Participated with the Federal Reserve Bank Faster Payments Task Force, which led to the creation of FedNow
- Founding member of the US Faster Payments Council
- 1st Correspondent Bank to support Real-Time Payment settlement for community banks across the United States
- Pilot participant in FedNow
- Developed technology, that allows Community Banks to maintain 5 day a week accounting, while benefiting from Faster Payments – Instant Payment rails.
Bankers’ Bank “your partner never your competitor”
