Real time payments by XPress
XPress Processing is excited to announce our latest and greatest payment method to date. The XPress RTP network provides both consumers and businesses with the ability to conveniently send payments directly from their accounts at federally insured depository institutions 24/7. In addition, they can receive and access funds sent to them over the network immediately.
Immediate Availability
Recipients receive the payment within seconds of the sending bank initiating the transaction. The receiving financial institution is required to make the funds available immediately, except where necessary for risk management or legal compliance purposes.
Convenience
Customers of our RTP network, are able to initiate payments from their existing bank accounts. There is no need to create an external account elsewhere.
Payment Certainty
Originating financial institutions (FI) are not able to revoke or recall a payment once it has been authorized and submitted to the network. However, there is a process to facilitate FI-to-FI communication regarding return of funds sent in error.
24/7
The XPress RTP network is live and operates 24/7.
Cash Flow Control
The ability to send and receive immediate payments gives customers more control over cash flow, which may be particularly important for cash-constrained small businesses and consumers.
Transaction Limits
The transaction limit is currently set to $100,000.00.
Participating RTP Financial Institutions
- Avidia Bank
- Bank Of America N.A.
- Bank Of New York Mellon
- Bank Of The West
- Bank Champaign N.A.
- BankNewport
- Citibank N.A.
- Bar Harbor Bank & Trust
- Citizens Bank NA
- Cape Cod Five Cents Savings Bank
- Century Bank & Trust Company
- Chain Bridge Bank N.A.
- Chesapeake Bank
- First Bank Of Manhattan
- First Fidelity Bank
- First National Bank Of Coffee County
- High Plains Bank
- HSBC Bank USA
- Huntington National Bank
- Incredible Bank
- JPMorgan Chase Bank
- KeyBank N.A.
- Manufacturers And Traders Trust Company
- MUFG Union Bank N.A.
