The rise and reach of Request for Payment (RfP) capabilities

The digital payments ecosystem stands at the tideline of a new era as systems such as The Clearing House’s Request for Payment (RfP) capability, available on the RTP® network, set a new current in motion. RfP is more than just a transactional method. It offers a union of instantaneous payments and direct messaging — empowering businesses to channel payment requests straight to consumers’ banking apps. As the United States, Europe and Asia embrace this novel payments solution, grasping RfP’s game-changing nuances is all the more critical for businesses and consumers.