Frequently Asked QuestionsWhat is Ascent's Real-Time Payment (RTP) Solution?
Ascent’s RTP solution provides immediate, guaranteed transfer of money between bank accounts, reducing payouts to seconds instead of the typical 1-7 business days associated with ACH. And it offers additional savings over costly wire transfers.
Client can enhance their owner/vendor experience by providing them with fast, safe, and transparent payments.
Benefits for clients include:
- Disbursement of funds within seconds, with immediate payment notification
- Dramatically reduce payment returns
- Greater control over timing of payments
- Enhanced customer relationships
- Less expensive than a wire, yet just as fast
- Improved working capital and better funds management
In order to qualify for RTP, the receiver’s bank need to be able to support RTP. If the receiver’s bank does not, the funds will usually fund next day.
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