US Bank advances real-time payments for consumer bill pay
- US Bank successfully completed a test of consumer bill payments using Request for Payment (RfP)
- Bank will be one of the first financial institutions to bring this capability to the marketplace
- It makes the service available to its millions of consumer bank customers in the first quarter of 2022
- A tech-led financial institution and payments powerhouse has worked closely with The Clearing House to develop
- RfPs provide consumers certainty that the payment has cleared, instantly, 24 hours a day, 365 days a year
- The end-to-end process is done in real-time, assuring both sender and receiver that the bill is paid instantly
