Community banks and credit unions now have access to real-time payment solutions through Apiture's new service.
In the rapidly evolving digital banking landscape, Apiture, a leading digital banking solutions provider, has made real-time payment capabilities available for community banks and credit unions. This move aims to help these financial institutions compete with larger financial institutions by offering instant transfers, a capability that's quickly becoming standard in digital banking.
According to Chris Cox, the chief operating officer at Apiture, real-time payments have emerged as a highly effective way for consumers and businesses to instantly send and receive account-to-account payments. The demand for faster, more reliable payment experiences is growing, and real-time payments adoption is increasing, especially among businesses.
The Apiture Digital Banking Platform offers a comprehensive suite of payment options for consumers and businesses. Additional payment services available to Apiture clients include bill pay, peer-to-peer payments, internal and external transfers, ACH transactions, and real-time foreign exchange rates for domestic and international wire transfers.
The new real-time payments capability is part of Apiture's existing faster payment options. These payments can be made through The Clearing House's RTP network and the Federal Reserve's FedNow Service.
A recent study by U.S. Bank reveals that over half of American companies were already using real-time payment (RTP) systems, including The Clearing House’s RTP® network and the Federal Reserve’s FedNow® Service, by 2024. The study projects that real-time payment adoption among U.S. companies will reach 80% by 2026.
This rapid increase in RTP usage is driven by technological advances, regulatory clarity, and evolving business needs. Real-time payments provide instant settlement 24/7/365, enabling businesses and consumers to send and receive funds immediately via RTP and FedNow networks. The adoption growth reflects increasing demand for faster, more reliable payment experiences and operational efficiencies, especially for businesses handling disbursements and fund flows on behalf of others.
New rules introduced by The Clearing House (TCH) related to "on-behalf-of" (OBO) payments are expanding RTP use cases. These rules require clear identification of payers/receivers and risk management practices, supporting wider corporate adoption and compliance by April 2026.
Real-time payments in North America are expected to grow significantly, though the total transaction volumes remain smaller compared to regions like South Asia.
Apiture Real-Time Payments allows financial institutions to gain a competitive edge by offering instant transfers. The service supports various use cases, such as company payroll, bill payments, gig worker payments, early wage access, government disbursements, and P2P transfers.
For more information about Apiture's real-time payment capabilities, visit Apiture Payments and Transfers.
- To leverage the latest trends in finance and technology, community banks and credit unions can explore the real-time payment options available at ffnews.com, such as the Apiture Real-Time Payments service.
- Businesses seeking to enhance their payment experiences and improve operational efficiencies might find the Apiture Digital Banking Platform, including its real-time payment features, a valuable addition for their financial needs, as outlined on ffnews.com.
