Truist first bank to begin revolutionizing bill pay with alias-based request for payment via the RTP® network
Truist Financial (NYSE: TFC) has successfully completed initial testing of an innovative alias-based bill payment solution using The Clearing House's RTP® network and Request for Payment platform. This achievement makes Truist the first financial institution to implement alias-based RfPs with real-time payment capabilities.
The solution leverages nearly 150 million enrolled U.S. mobile and email tokens to streamline payment processes. The internal pilot, conducted through Truist's credit card division with employee volunteers, demonstrates the company's commitment to advanced payment technology.
Key benefits for corporate billers include immediate payment validation, accelerated cash flow with instant access to guaranteed funds, streamlined data management, enhanced security measures, and reduced operational costs. For consumers, the system offers faster processing, improved account monitoring, and tokenized fraud protection with instant payment confirmation.
Truist Financial (NYSE: TFC) ha completato con successo i test iniziali di una soluzione innovativa per il pagamento delle bollette basata su alias, utilizzando la rete RTP® e la piattaforma Request for Payment di The Clearing House. Questo risultato rende Truist la prima istituzione finanziaria a implementare RfP basati su alias con capacità di pagamento in tempo reale.
La soluzione sfrutta quasi 150 milioni di token mobili e email registrati negli Stati Uniti per semplificare i processi di pagamento. Il progetto pilota interno, realizzato attraverso la divisione carte di credito di Truist con la partecipazione di dipendenti volontari, dimostra l’impegno dell’azienda verso tecnologie di pagamento avanzate.
I principali vantaggi per gli emittenti di fatture aziendali includono la convalida immediata del pagamento, un flusso di cassa accelerato con accesso istantaneo a fondi garantiti, una gestione dei dati più efficiente, misure di sicurezza potenziate e costi operativi ridotti. Per i consumatori, il sistema offre una lavorazione più rapida, un monitoraggio migliorato dei conti e una protezione antifrode tokenizzata con conferma immediata del pagamento.
Truist Financial (NYSE: TFC) ha completado con éxito las pruebas iniciales de una innovadora solución de pago de facturas basada en alias, utilizando la red RTP® y la plataforma Request for Payment de The Clearing House. Este logro convierte a Truist en la primera institución financiera en implementar RfP basados en alias con capacidades de pago en tiempo real.
La solución aprovecha casi 150 millones de tokens móviles y de correo electrónico registrados en EE. UU. para agilizar los procesos de pago. El piloto interno, llevado a cabo a través de la división de tarjetas de crédito de Truist con empleados voluntarios, demuestra el compromiso de la compañía con la tecnología avanzada de pagos.
Los beneficios clave para los facturadores corporativos incluyen validación inmediata del pago, flujo de caja acelerado con acceso instantáneo a fondos garantizados, gestión de datos optimizada, medidas de seguridad mejoradas y reducción de costos operativos. Para los consumidores, el sistema ofrece un procesamiento más rápido, mejor monitoreo de cuentas y protección antifraude tokenizada con confirmación instantánea del pago.
Truist Financial (NYSE: TFC)는 The Clearing House의 RTP® 네트워크 및 Request for Payment 플랫폼을 활용한 혁신적인 별칭 기반 청구서 결제 솔루션의 초기 테스트를 성공적으로 완료했습니다. 이 성과로 Truist는 실시간 결제 기능을 갖춘 별칭 기반 RfP를 구현한 최초의 금융기관이 되었습니다.
이 솔루션은 미국 내 약 1억 5천만 개의 등록된 모바일 및 이메일 토큰을 활용하여 결제 프로세스를 간소화합니다. Truist 신용카드 부서에서 직원 자원봉사자들과 함께 진행한 내부 파일럿 테스트는 첨단 결제 기술에 대한 회사의 의지를 보여줍니다.
기업 청구자에게 주요 이점은 즉각적인 결제 확인, 보장된 자금에 대한 즉시 접근을 통한 현금 흐름 가속화, 데이터 관리 간소화, 강화된 보안 조치, 운영 비용 절감입니다. 소비자에게는 빠른 처리, 향상된 계좌 모니터링, 토큰화된 사기 방지 및 즉시 결제 확인을 제공합니다.
Truist Financial (NYSE : TFC) a réussi les tests initiaux d'une solution innovante de paiement de factures basée sur des alias, utilisant le réseau RTP® et la plateforme Request for Payment de The Clearing House. Cette réussite fait de Truist la première institution financière à mettre en œuvre des RfP basés sur des alias avec des capacités de paiement en temps réel.
La solution exploite près de 150 millions de jetons mobiles et emails enregistrés aux États-Unis pour simplifier les processus de paiement. Le pilote interne, mené par la division cartes de crédit de Truist avec des employés volontaires, illustre l'engagement de l'entreprise envers les technologies de paiement avancées.
Les principaux avantages pour les facturiers d'entreprise incluent la validation immédiate des paiements, un flux de trésorerie accéléré avec un accès instantané aux fonds garantis, une gestion des données simplifiée, des mesures de sécurité renforcées et une réduction des coûts opérationnels. Pour les consommateurs, le système offre un traitement plus rapide, une meilleure surveillance des comptes et une protection antifraude tokenisée avec confirmation instantanée du paiement.
Truist Financial (NYSE: TFC) hat erfolgreich erste Tests einer innovativen aliasbasierten Rechnungslösung unter Verwendung des RTP®-Netzwerks und der Request for Payment-Plattform von The Clearing House abgeschlossen. Mit diesem Erfolg ist Truist die erste Finanzinstitution, die aliasbasierte RfPs mit Echtzeit-Zahlungsfunktionen implementiert.
Die Lösung nutzt fast 150 Millionen registrierte US-amerikanische Mobil- und E-Mail-Token, um Zahlungsprozesse zu vereinfachen. Der interne Pilotversuch, durchgeführt von der Kreditkartenabteilung von Truist mit freiwilligen Mitarbeitern, zeigt das Engagement des Unternehmens für fortschrittliche Zahlungstechnologien.
Wesentliche Vorteile für Firmenrechnungssteller sind sofortige Zahlungsbestätigung, beschleunigter Cashflow durch sofortigen Zugriff auf garantierte Mittel, optimiertes Datenmanagement, verbesserte Sicherheitsmaßnahmen und reduzierte Betriebskosten. Für Verbraucher bietet das System schnellere Verarbeitung, verbesserte Kontenüberwachung und tokenisierten Betrugsschutz mit sofortiger Zahlungsbestätigung.
- First bank to successfully implement alias-based RTP bill payment solution
- Access to 150 million enrolled U.S. mobile and email tokens
- Instant payment settlement and confirmation capabilities
- Reduced operational costs for corporate billers
- Enhanced security through tokenization and elimination of bank account details
- System currently only in initial testing phase
- to internal pilot with credit card division and employee volunteers
Insights
Truist pioneers alias-based bill payment technology that could enhance security and efficiency for corporate and retail customers.
Truist's successful completion of initial testing for alias-based bill payments using the RTP® network represents a notable technological advancement in the banking industry. As the first financial institution to validate this capability, Truist is positioning itself as an innovator in payment solutions.
The technology leverages The Clearing House's Real-Time Payments network, which enables immediate payment processing and settlement. The alias-based approach utilizes nearly 150 million previously enrolled U.S. mobile and email tokens, allowing payments without sharing sensitive bank account details - enhancing security while simplifying the user experience.
For corporate clients, particularly large billers, this innovation addresses several key pain points: immediate payment validation enables instant reconciliation, real-time settlement improves cash flow management, and enhanced security measures protect sensitive information. The tokenization approach aligns with industry best practices for fraud prevention.
While still in the initial validation phase, this development demonstrates Truist's commitment to modernizing payment infrastructure. The banking industry continues to face pressure to improve payment speed and security, with real-time payments becoming increasingly important to corporate treasury operations. By investing in this capability, Truist shows alignment with these industry trends.
The competitive advantage of being first-to-market with this technology will depend on execution, customer adoption, and the timeline for full implementation. However, the foundation established through this phase-one validation creates potential for Truist to differentiate its payment offerings in a banking landscape where technological capabilities increasingly influence client decisions.
Truist's payment innovation strengthens competitive positioning in transaction banking, addressing growing demand for real-time payment solutions.
Truist's successful testing of alias-based bill payment technology represents a strategic investment in its payments infrastructure that aligns with the bank's focus on technological differentiation. While this announcement represents phase-one validation rather than full implementation, it demonstrates progress in an area of growing importance in banking services.
The corporate banking sector, particularly transaction services, has become increasingly competitive, with payment capabilities serving as key differentiators. By developing advanced bill payment solutions for corporate clients, Truist is strengthening its value proposition in this high-margin business segment. Large corporate billers stand to benefit from accelerated cash flow, improved reconciliation, and enhanced security - addressing critical treasury management challenges.
For retail banking, the solution promises to improve the customer experience through faster processing, better transparency, and enhanced security. These improvements align with consumer expectations shaped by fintech innovations, helping Truist remain competitive in an evolving payment landscape.
The announcement reinforces Truist's post-merger strategy of investing in digital capabilities to drive efficiency and customer experience improvements. While the article doesn't provide implementation timelines or cost details, the successful initial testing suggests momentum in Truist's technology modernization efforts.
This development represents positive progress in Truist's innovation agenda, though the full business impact will depend on successful full-scale implementation, client adoption, and how quickly competitors develop similar capabilities. As the first mover in this space, Truist has an opportunity to shape market expectations for bill payment services and potentially gain market share in transaction banking.
Phase-one network validation sets new standard for financial institutions, meeting demands of large corporate billers and empowering consumers
CHARLOTTE, N.C., April 25, 2025 /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® 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.
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 — for both billers and consumers — by using nearly 150 million previously enrolled
"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."
Delivering faster, streamlined bill payments to both corporate customers and individual consumers underscores Truist's commitment to meeting evolving client needs.
Key benefits for large corporate billers will include:
- Immediate payment validation: Receive acknowledgment of payment receipt, enabling instant reconciliation and reducing financial uncertainty.
- Accelerated cash flow: Payments sent via the RTP network provide biller customers immediate access to guaranteed funds, improving cash flow and reducing payment delays.
- Streamlined data management: Secure and comprehensive data simplifies reconciliation and reporting processes.
- Enhanced data security: Robust security measures minimize the risk of data breaches and protect sensitive information, aligning with industry best practices for ACH and instant payments. Use of the alias eliminates the need to provide bank account details.
- Reduced operational costs: Electronic bill presentment significantly lowers invoicing expenses, contributing to improved bottom-line performance.
To meet small business and consumer demands for speed, transparency, financial control, and security, this enhanced bill pay solution will deliver faster processing, easy account monitoring, and tokenized fraud protection. Additionally, consumers will receive immediate confirmation their payment has been received and subsequent confirmation it has been applied.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in
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SOURCE Truist Financial Corporation
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