SHAZAM commits to supporting new payments platform

posted on Wednesday, March 4, 2020 in SHAZAM Blog

In a press release on Monday, SHAZAM announced our commitment to bring additional real-time payments capabilities to community banks and credit unions through the RTP® network developed by The Clearing House (TCH). By supporting access to the RTP network, SHAZAM will extend a new platform to community financial institutions that they can leverage to offer new real-time payments and settlement capabilities.

“SHAZAM is committed to building the infrastructure and support community financial institutions need, so they can in turn offer their customers ways to move their money as rapidly and efficiently as possible,” said SHAZAM’s senior vice president of processing, Bruce Hopkins. “Our work with TCH means we’ll make yet another real-time payments network available to our community financial institutions. Further, we fully intend to support the Federal Reserve’s FedNow real-time payments solution when it becomes available.”

Founded in 1976, SHAZAM has historically been at the forefront of providing real-time payment solutions around debit card services for community financial institutions. Integration into the TCH RTP network extends SHAZAM’s portfolio to a new set of account-based, real-time payment transactions.

Click here to read the entire news release on SHAZAM Company News. Feel free to repost this blog to your own social media and other communication channels.

Tags

  1. commitment
  2. network selection
  3. real-time payments

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