Instant Payments

As a part of Instant Payments, we offer Real Time Payments (RTP)—payments that send and settle in seconds—and Request for Payments (RfP), which allow clients to send request messages to payees to respond and make payments that settle within seconds.

Keep your cashflow—and your business—moving forward.

shield iconCompanies that offer Instant Payments have fewer concerns with:

  • Funding delays—evenings, weekends and holidays
  • Inability to place orders when you need them
  • Limitations with how you can use your funds
  • Reserves or holds delaying your funding release
  • Shortage of working capital

Benefits of using Instant Payments from Fifth Third Bank

Fifth Third Bank offers the ability to both send and receive Instant Payments. We also offer:

  • 24/7, 365 processing
  • Immediate settlement
  • Delivery through API
  • Extensive data exchange
  • Real-time messaging
  • Unrestricted payee access to the full amount of the transaction
  • No reserves, holds, or limitations placed on how you can use funds

Why Real Time Payments?

gaming industry iconGaming Industry

  • Immediate funding: RTP provides the ability to immediately fund a wagering wallet—helping to deliver a positive customer experience.

  • Reduce your overhead: RTP network enables the customer to self-fund their accounts, reducing your back-office overhead to process transactions.

merchant settlement iconMerchant Settlement

  • Provide banking anytime: Transactions won’t be confined to 9-5 bankers’ hours. Transactions can flow 24/7—even on weekends and holidays!

  • Grow faster: Create an advantage by offering flexibility of RTP for merchants.

title iconTitle and Escrow

  • Greater peace-of-mind: Securely transmit over our network with authentication and tokenization.

  • Expanded hours: RTP allows you the ability to transact past wire cutoff times.

insurance iconInsurance

  • Reduce your overhead: Reduce the overhead to pay out an insurance claim.

  • Maintain line-of-sight: Control cash flow by setting limits on which transactions can go via RTP.

Why Request for Payments?

energy iconEnergy and Utilities

  • Reduce your overhead: Reduce your back-office overhead to process payments.

  • Expanded hours: Support collection efforts by providing a solution to pay outside of banking hours.

rental iconRental and Property Management

  • Boost customer retention: Increase customer retention and satisfaction with expanded payment options.

  • Improved efficiency: Reduce your cost associated with processing paper checks—and eliminate the risk of bounced checks.

Contact your Treasury Management Officer today: