FEDNOW® & RTP® SETTLEMENT SOLUTIONS

Remain relevant and competitive in an increasingly dynamic payments landscape.

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Want to participate in Instant Payments?

Real Time Payments and FedNow are instant payment systems in which banks are required to provide access to customer funds in seconds and funds settlement needs to match the rules for each of those networks. This can be a challenge for community banks who do not have a FRB Master Account, the people or technology budgets to maximize the use of the instant payment rails to remain competitive amongst larger banks.

Bankers’ Bank Funding Agent solution with Smart LiquidtySM provides settlement and liquidity management in a reliable and regular manner, allowing you to confidently have funds available for instant payment transactions.

Bankers’ bank utilizes its smart liquidity and credit services to provide funding when needed at any time.

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FedNow Settlement Solution

HOW THE FEDNOW SETTLEMENT SOLUTION WORKS

  • Community bank joins the FedNow network through a certified FedNow Service Provider (SP) – most likely Core or Fintech provider
  • Community bank notifies SP/FRB they want to settle via Bankers’ Bank’s FedNow Settlement Solution
  • Bankers’ Bank sets up community bank on the FedNow settlement solution with Smart Liquidity – no integration required to SP for transactions
  • Before FedNow Send is deployed, Bankers’ Bank works together with the Community Bank to gain a better understanding of potential Send activity/liquidity needs
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BENEFITS OF FEDNOW FUNDING AGENT SOLUTION

RTP Settlement Solution

HOW THE RTP SETTLEMENT SOLUTION WORKS

  • Community bank joins the Real Time Payments (RTP) network through a certified Third Party Service Provider (TPSP) – Core or Fintech provider
  • Community bank notifies TPSP/The Clearing House (TCH) they want to settle via Bankers’ Bank’s Funding Agent Solution – signed TCH/Funding Agent agreement submitted
  • Bankers’ Bank sets up community bank on the Funding Agent with Smart 3 Liquidity – no integration required to TPSP for settlement
  • Bankers’ Bank actively consults with the Community Bank before RTP Send is deployed – working together, the Community Bank and Bankers’ Bank gain a better understanding of potential RTP Send activity/liquidity needs
  • Bankers’ Bank handles RTP Send settlement through our API’s to RTP/TCH allowing real time adjustments for liquidity needs
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BENEFITS OF RTP FUNDING AGENT SOLUTION

WHY BANKERS’ BANK?

  • FedNow Pilot participant
  • First funding agent with API’s to Real Time Payments specific to Real Time Payments Funding Agent settlement
  • First funding agent in the United States to go live with Receive and Send certification for RTP
  • Integrated to Bankers’ Bank cash management solutions
  • Always your partner, never your competitor