Version: 1.2

RTP® – Real-Time Payments

Implement features from both the Credit Transfer Message and Request for Payments APIs with one solution.
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Overview

The RTP® (Real-Time Payments) API allows applications to initiate and manage real-time payment messages through The Clearing House (TCH) 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.