Finzly cleared to support Request for Payment on TCH RTP

Finzly has received certification from The Clearing House to support Request for Payment on the Real-Time Payments network, allowing its platform to send and receive request-for-payment messages over the U.S. instant-payments rail.

The certification enables Finzly to integrate Request for Payment functionality into its payments orchestration and banking platform so banks and fintech customers can issue structured payment requests and receive immediate settlement via the RTP network. A Request for Payment lets a payee send a detailed request for funds to a payer, who can then authorize payment in real time through the RTP infrastructure.

Finzly completed The Clearing House’s certification process, which verifies a vendor’s ability to exchange required message types, meet security and operational standards, and handle settlement and acknowledgements on the RTP network. With certification, Finzly’s clients can connect to RTP endpoints for sending payment requests and accepting payor responses rather than relying only on traditional push-payment methods.

Request for Payment supports richer invoice and remittance data than many legacy payment flows. Use cases include bill presentment and collection, automated accounts receivable workflows for businesses, and consumer approval of invoices or payment demands. The protocol delivers structured payment information alongside the request to help match payments to invoices and speed cash application.

The Clearing House operates the RTP network as a 24/7 real-time settlement system for U.S. banks and financial institutions. Request for Payment is an overlay on that network that standardizes how payees ask for funds and how payers respond. Certification by The Clearing House is required for third-party providers that want to offer native Request for Payment capabilities to their clients on the RTP rail.

Finzly’s certification adds another vendor option for banks and fintech firms deploying real-time billing and collection services. Banks and fintech customers can use the integration to modernize receivables, shorten payment cycles and provide payers with an interactive, data-rich payment experience.