Real Time Payments
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  1. #1

    Real Time Payments

    Anyone using RTP currently? Any thoughts or feedback?

  2. #2
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    Quote Originally Posted by CanyonGate View Post
    Anyone using RTP currently? Any thoughts or feedback?
    IMO - RTP will not be approved for the MCA Industry - It is currently a challenge for a mainstream ACH
    Processing company to approve funders
    Dave Lambert, Business Development
    Managed Services Provider
    https://www.tsys.com
    https://www.united-internet.com
    https://www.nmi.com
    dave@fcbankcard.com
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
    Credit (pushing funds) only available initially. Requesting funds is still being beta tested on the networks. We can approve any MCA or funders for ACH and other payment services, including same day. We are currently implementing RTP and this will be available to all our ACH clients with existing clients getting first rollout.

  4. #4
    Our MCA clients have access to the Real-Time Payments Network (i.e. Instant Credits). Actum made it available over a year ago and is widely leveraged. Provides cost saving over wires and a competitive edge due to the speed of deliver and accessibility (24/7/365). You can find a case study at our website. MCA is just one of many industry that uses Actum for RTP. Our gaming Operators in Sports Betting, iGaming, Fantasy Sports, etc. all leverage this for player withdrawals.

    Happy to arrange a meeting to discuss further. Shoot me an email and I'll make it happen.

    Cheers!
    Regards,
    Vinny Lipari, MBA
    President | Co-Founder

    Actum Processing
    Toll Free: (800) 975-5640 ext. 1401
    Email: vinny@actumprocessing.com
    Website: www.actumprocessing.com

  5. #5
    We are a mainstream ACH provider and never had an issue onboarding funders. You need good long-term baking partners and strong internal underwriting. We've got both and have actively onboarded in the MCA space since 2011. We introduced RTP early last year and it's been highly leveraged and growing ever since.
    Regards,
    Vinny Lipari, MBA
    President | Co-Founder

    Actum Processing
    Toll Free: (800) 975-5640 ext. 1401
    Email: vinny@actumprocessing.com
    Website: www.actumprocessing.com

  6. #6
    Quote Originally Posted by Yankeeman07 View Post
    IMO - RTP will not be approved for the MCA Industry - It is currently a challenge for a mainstream ACH
    Processing company to approve funders
    We are a mainstream ACH provider and never had an issue onboarding funders. You need good long-term baking partners and strong internal underwriting. We've got both and have actively onboarded in the MCA space since 2011. We introduced RTP early last year and it's been highly leveraged and growing ever since.
    Regards,
    Vinny Lipari, MBA
    President | Co-Founder

    Actum Processing
    Toll Free: (800) 975-5640 ext. 1401
    Email: vinny@actumprocessing.com
    Website: www.actumprocessing.com

  7. #7
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    Quote Originally Posted by ACH_Processor View Post
    We are a mainstream ACH provider and never had an issue onboarding funders. You need good long-term baking partners and strong internal underwriting. We've got both and have actively onboarded in the MCA space since 2011. We introduced RTP early last year and it's been highly leveraged and growing ever since.
    This issue in that many funders do not have the Long-Term Banking and Financials to be approved.
    Dave Lambert, Business Development
    Managed Services Provider
    https://www.tsys.com
    https://www.united-internet.com
    https://www.nmi.com
    dave@fcbankcard.com
    Office: 727-233-1111
    Skype: fc-financial

  8. #8
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    Quote Originally Posted by CanyonGate View Post
    Credit (pushing funds) only available initially. Requesting funds is still being beta tested on the networks. We can approve any MCA or funders for ACH and other payment services, including same day. We are currently implementing RTP and this will be available to all our ACH clients with existing clients getting first rollout.
    You are who?
    Dave Lambert, Business Development
    Managed Services Provider
    https://www.tsys.com
    https://www.united-internet.com
    https://www.nmi.com
    dave@fcbankcard.com
    Office: 727-233-1111
    Skype: fc-financial

  9. #9
    Quote Originally Posted by Yankeeman07 View Post
    This issue in that many funders do not have the Long-Term Banking and Financials to be approved.
    That's not the case when you work with an ACH Processor. The commercial banking partner of the funding entity is not involved in ACH or Real-Time Payments. We just send deposits and deduct our fees from their bank.

    All of transactional activity runs through our Originating Financial Depository Institution (ODFI / aka our bank).
    Last edited by ACH_Processor; 02-03-2025 at 06:17 PM.
    Regards,
    Vinny Lipari, MBA
    President | Co-Founder

    Actum Processing
    Toll Free: (800) 975-5640 ext. 1401
    Email: vinny@actumprocessing.com
    Website: www.actumprocessing.com

  10. #10
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    Quote Originally Posted by ACH_Processor View Post
    That's not the case when you work with an ACH Processor. The commercial banking partner of the funding entity is not involved in ACH or Real-Time Payments.
    Where are depositing funds? Not to the Funders Bank account?

    BTW -are you are using RTP for daily debits from the funder's customers?
    Dave Lambert, Business Development
    Managed Services Provider
    https://www.tsys.com
    https://www.united-internet.com
    https://www.nmi.com
    dave@fcbankcard.com
    Office: 727-233-1111
    Skype: fc-financial

  11. #11
    Quote Originally Posted by Yankeeman07 View Post
    Where are depositing funds? Not to the Funders Bank account?

    BTW -are you are using RTP for daily debits from the funder's customers?
    Absolutely to the funders bank account. For daily/weekly collections on advances we send daily payouts to their commercial bank account. This usually occurs on a 2-3 day delay to account for any ACH returns.

    RTP currently doesn't support debits (i.e. pulls). It's only a push payment. FedNow is talking about reverse pushes, which in essence would work for collecting daily payments. Who knows how far out that is, but it's definitely coming.
    Regards,
    Vinny Lipari, MBA
    President | Co-Founder

    Actum Processing
    Toll Free: (800) 975-5640 ext. 1401
    Email: vinny@actumprocessing.com
    Website: www.actumprocessing.com

  12. #12
    Canyongate Financial, we are a subsidiary of ACH Processing Company.

  13. #13
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    RTP currently doesn't support debits (i.e. pulls). It's only a push payment. FedNow is talking about reverse pushes, which in essence would work for collecting daily payments. Who knows how far out that is, but it's definitely coming.

    If (Maybe quicker with JY gone ) and when that occurs - it will be a game changer
    Just thinking if and how it would eliminate what would be in today's world an ACH Reject
    Dave Lambert, Business Development
    Managed Services Provider
    https://www.tsys.com
    https://www.united-internet.com
    https://www.nmi.com
    dave@fcbankcard.com
    Office: 727-233-1111
    Skype: fc-financial

  14. #14
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    Quote Originally Posted by CanyonGate View Post
    Canyongate Financial, we are a subsidiary of ACH Processing Company.
    Contact Info ?
    Dave Lambert, Business Development
    Managed Services Provider
    https://www.tsys.com
    https://www.united-internet.com
    https://www.nmi.com
    dave@fcbankcard.com
    Office: 727-233-1111
    Skype: fc-financial

  15. #15
    Quote Originally Posted by Yankeeman07 View Post
    Contact Info ?
    Adam Oster aoster@canyongatefinancial.com or Kim Thompson kthompson@achprocessing.com

    I’m available to discuss potential opportunities or connect at your convenience. I believe there’s a lot worth exploring, and I’d be happy to have a conversation.

  16. #16
    Quote Originally Posted by Yankeeman07 View Post
    RTP currently doesn't support debits (i.e. pulls). It's only a push payment. FedNow is talking about reverse pushes, which in essence would work for collecting daily payments. Who knows how far out that is, but it's definitely coming.

    If (Maybe quicker with JY gone ) and when that occurs - it will be a game changer
    Just thinking if and how it would eliminate what would be in today's world an ACH Reject
    Great question. FedNow transactions are irrevocable. So if and when FedNow launches a reverse push payment, if the funds are available at the time of the transaction, then they are instantly pushed to the funders bank account. That completely eliminates ACH returns (NSF, Stopped Payments, Chargebacks, etc.). This may also lead to faster payouts from the processor, which makes more funds available faster to reinvest in more advances.
    Regards,
    Vinny Lipari, MBA
    President | Co-Founder

    Actum Processing
    Toll Free: (800) 975-5640 ext. 1401
    Email: vinny@actumprocessing.com
    Website: www.actumprocessing.com

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