RTP® - Real-Time Payments

Instant, anytime money movement through a simple, straightforward REpresentational State Transfer (REST) interface.

Overview

The RTP^® (Real-Time Payments) API allows applications to initiate and manage real-time payment messages through The Clearing House (THC) RTP^® network securely and instantly. To enhance the implementation and onboarding experience, U.S. Bank has designed this API with ease of integration in mind.

Features

Send transfers 24 hours a day, 7 days a week, 365 days a year.
Initiate and manage real-time clearing and settlement of invoices.
Subscribe to receive notifications via webhooks for specific events.
Test API features in a sandbox environment by adding it to a project.

Workflow

RTP - workflow

Example use cases

Credit transfer messages, anytime

Your team of developers need to find a solution to help customers send money. The customers need to send money from their financial accounts to contacts using a transfer money feature. Using the RTP^® API, you can allow your customers with U.S. Bank checking accounts to send payments to contacts, anytime, anywhere.

Real-time payment invoices

Your client is a handyman and works with several clients throughout the week. Mailing invoices and waiting for payments to come through is a hassle due to time and tracking. Searching for a solution, you find a software package that includes sending invoices immediately using the RTP^® API. Now your client can spend less time tracking invoices and more time on other business or life needs.

Restrictions

Transaction limit is $1 million per transaction.
The receiving bank must be part of the RTP^® network.
Originated credit transfer messages are irrevocable.
Credit push only.