PNC rolls out real-time payments
PNC, a top 10 U.S. bank by assets, has gone live on RTP, The Clearing House real-time payment system, using the Finastra payment services hub, Fusion Payments.
PNC already uses Fusion Payments (formerly Global Payplus) for wire payment processing. Expanding the service by integrating RTP allows the bank to provide its clients with the speed, certainty and irrevocability of real-time payments, which are now available in the United States, a press release said.
"The ability to make an immediate payment at any time, on any day of the week, with a real-time confirmation of the payment significantly transforms the way businesses and consumers make payments in the United States," said Christopher Ward, PNC executive vice president and head of treasury management product management. "Emerging technologies such as RTP are creating opportunities for banks and clients to reimagine our business models."