TabaPay Clients can use Real-Time Payments (RTP) to send payments real-time, receive payments real-time, and request for payments real-time RfP. While the share is increasing, only select US Routing Numbers are enabled for Real-Time Payments (RTP). Before initiating a payment, TabaPay allows Clients to quickly query if a Routing Number is enabled or not.

Note: Request for payment (RfP) generates a request to the Sender who then initiates a Send Payment request via RTP

Use Cases

• Person to Persion P2P: Friends splitting monthly rent and utility payments, or sending emergy funds to a family member on vacation.

Instant Send, Receive, and Request for Payment opens up several use cases and new payment flows for TabaPay Clients.

Benefits of RTP

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RTP Recipes!

Get going on your The Clearing House's Real-Time Payments use cases faster by using ready-to-cook recipes for:

Send

Request for Payment

Note: For RTP receive, the bank only needs to be enabled for RTP payments.

RTP Integration

TabaPay enables you to check if the Routing Number of a bank is enabled for RTP. Once you confirm eligibility, proceed to process the RTP transaction using TabaPay's Unified API.

Query Bank API

Create Account API

TabaPay strongly encourages Clients to create TabaPay tokens via TabaPay's Create Account API for a bank routing number and account number combination. These created accounts are then used to send funds to or pull from in the next step, i.e. Create Transaction API.

Create Transaction API

'Pull' or 'Push' depending on whether you want to do an outbound or inbound RTP Credit Transfer respectively. Make sure to include ACH Options of RTP in the Create Transaction API Request.

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Requirements from Enabled Bank(s)

Your bank(s) that are enabled for RTP may include specific data fields including name, or merchant name for the RTP bank statement.

Note: pulloptions.expirationDate is required on all RTP RfP (pull) Transactions.

Get Started with some Code Samples!

Learn how RTP works using the TabaPay API.

RTP Reporting

RTP Reporting is sent using the Transactions (Daily) files.