Reimagined cash management, true business transformation
“Corporate and commercial enterprises who are optimizing money movement with RTP, in terms of both the customer experience and the efficiency gains in operations are likely going to see opportunities to quickly capture the competitive edge – especially early adopters,” Carter says, “but when you look at that opportunity, analyzing the data through the lens of cash management and forecasting, you might actually see how long that advantage could last.”
In a recent commentary in Treasury & Risk, Shailesh Kowal, Vice Chair of Payment Services at U.S. Bank, cited the coupling of RTP fundamentals – including immediate settlement of funds and instant payment notification -- with the RTP transaction limit increase as a “key change” for treasurers and CFOs seeking to optimize payments processes and gain a competitive edge.
“Treasury and finance professionals who understand the prospective benefits to their organization of faster payments are better prepared to stay a step ahead as digital payments evolve,” he says. “We expect RTP to become increasingly embedded in the software that treasury and finance functions use every day, which will allow us all to reimagine and transform the movement of money.”
RTP allows businesses to take control of their money movement and drive transformative innovation enterprise-wide. To learn how real-time payments are changing the way companies do business, visit our RTP® resource page, explore our survey of 1,000 American businesses, or schedule a call with a treasury management expert.