{"id":842202,"date":"2025-04-25T09:07:20","date_gmt":"2025-04-25T13:07:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-first-bank-to-begin-revolutionizing-bill-pay-with-alias-based-request-for-payment-via-the-rtp-network\/"},"modified":"2025-04-25T09:07:20","modified_gmt":"2025-04-25T13:07:20","slug":"truist-first-bank-to-begin-revolutionizing-bill-pay-with-alias-based-request-for-payment-via-the-rtp-network","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-first-bank-to-begin-revolutionizing-bill-pay-with-alias-based-request-for-payment-via-the-rtp-network\/","title":{"rendered":"Truist first bank to begin revolutionizing bill pay with alias-based request for payment via the RTP\u00ae network"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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Phase-one network validation sets new standard for financial institutions, meeting demands of\u00a0large corporate billers and empowering consumers<\/p>\n

\n CHARLOTTE,\u00a0N.C.<\/span>, April 25, 2025<\/span><\/span> \/PRNewswire\/ — Truist Financial Corporation (NYSE: TFC) today announced the successful completion of the initial testing phase of an innovative alias-based bill payment solution that leverages The Clearing House’s RTP\u00ae<\/sup><\/b> network and Request for Payment (RfP) platform. The achievement positions Truist as the first financial institution to send and receive alias-based RfPs for transactions and deliver corresponding real-time payment and settlement via the RTP system.<\/p>\n

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The solution will ultimately enable businesses to offer faster, simpler, more secure, and cost-effective bill payments. Consumers will benefit from greater control and transparency. The payment process will be streamlined for speed and simplicity \u2014 for both billers and consumers \u2014 by using nearly 150 million previously enrolled U.S. mobile and email tokens. The successful internal Truist pilot, which leveraged Truist’s credit card division and employee volunteers, reaffirms Truist’s commitment to investing in industry-leading technology and delivering differentiated value to clients.<\/p>\n

“Truist is leveraging modern, scalable technology to push the boundaries of what’s possible in digital payments,” said Truist Head of Enterprise Payments Chris Ward. “Our RTP network integration provides unmatched speed, simplicity and safety. This breakthrough will deliver fast, seamless, and fully secure bill payments with instant settlement, as well as real-time confirmation, ensuring immediate financial clarity for businesses and consumers.”<\/p>\n

Delivering faster, streamlined bill payments to both corporate customers and individual consumers underscores Truist’s commitment to meeting evolving client needs.<\/p>\n

Key benefits for large corporate billers will include:<\/p>\n