BROOKFIELD, Wis.–Fiserv and the Clearing House said they have entered into a collaboration that will allow thousands of financial institutions to simplify and accelerate the enablement of real-time payments for consumers and businesses.
Fiserv said its financial institution clients will be able to access The Clearing House RTP network and support a broad range of consumer and commercial payment services via NOW Gateway from Fiserv.
“NOW Gateway acts as an adaptable access point for financial institutions that want to support real-time payment options in a rapidly changing market,” Fiserv said. “Through a single integration to NOW Gateway, financial institutions can offer their customers access to a broad range of current and emerging real-time payment services, including Zelle person-to-person payments, payouts for gig economy work or insurance claims, interbank account transfers, and real-time bill payments.”
According to Fiserv, the NOW Gateway connection to the RTP network will enable financial institutions to send and receive real-time payments over the RTP network, which connects to over 60% of bank accounts in the U.S. on behalf of their customers.
‘Continues to Accelerate’
“The demand for real-time payments continues to accelerate, as evidenced by the consistent double-digit year-over-year growth we see in real-time P2P payments at Fiserv,” said Matthew Wilcox, president of Digital Payments and Data Aggregation at Fiserv. “To remain competitive, financial institutions must offer real-time payment capabilities. That’s why we are committed to making real-time implementation easier for any financial institution, from regional bank to community bank, to credit union. Our work with The Clearing House to integrate the RTP network with our NOW Gateway is the latest advancement towards this goal.”
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