Zions Bancorporation, N.A. has joined the RTP® network developed by The Clearing House, enabling its business and consumer clients to receive real-time payments.
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“The ability to receive immediate payments gives business and consumer clients more control over their cash flow, and we’re pleased to offer them this important new functionality”
The RTP system supports instantaneous settlement and availability, so funds received can be used or withdrawn as cash within seconds. The RTP network is the first new payments infrastructure built in the U.S. in more than 40 years, providing the banking industry a modern platform for 24/7 domestic real-time payments, complete with rich data capabilities and immediate payment confirmation.
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“The ability to receive immediate payments gives business and consumer clients more control over their cash flow, and we’re pleased to offer them this important new functionality,” said Harris H. Simmons, Chairman and CEO of Zions Bancorporation.
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