RTP by TCH for Sponsor Banks
Inlcude real-time payments for your account holders.
Going Live with RTP at TabaPay
The following chart provides an overview of all the responsibilities that Sponsor Banks must fulfill before they go live with processing RTP transactions with TabaPay.
- Onboard with the The Clearing House (TCH)
- Setup your RTP Account and reserves
- Develop your onboarding process for your customers
- Connect to the RTP Receive API
- Fully integrate with RTP
- Finalize with TCH
- Go live as an RTP enabled bank
Sponsor Bank Responsibilities
| RTP Use Case | Responsibility | Required? |
|---|---|---|
| Financial Reconciliation and Settlement |
| Yes. The sub-ledger account must always have a positive net position |
| Receiving RTP Messages - Standard |
| Yes To be an RTP-Participating Bank, bank must have the ability to receive both messages. |
| Receiving RTP Messages - Others | Receive all other RTP Messages (Request For Pay, Request For Information, etc.) | No |
| Sending RTP Messages |
| No |
API Integration with TabaPay
Sponsor Banks will be required to integrate with TabaPay for inbound and outbound credit transfers.
- For integration requirements for Inbound or Receive, please refer to RTP - Inbound or Receive
- For integration requirements for Outbound or Send, please refer to RTP - Outbound or Send
Boarding Sponsor Bank customers for RTP
Refer to Boarding Bank or ISO Customers for details on how TabaPay approaches boarding bank customers to TabaPay.
(Details required will vary for RTP)
Sponsor Bank merchant integrations with RTP will be based on the outline provided here RTP for Non-Bank Clients