Real-Time Payments
Real-Time Payments. Really.
Move money instantly between participating U.S. institutions.
Available 24/7/365
Real-Time Payments are always available. Even outside of Fedwire windows!No claw-backs
Payments are credits and there are no returns, reversals or disputes.Growing support
200+ financial instutions on the network. Reach more than 62% of checking accounts.Payment requests
Send a payment request directly to a customer’s banking app.Easy and convenient programmatic payments
Payments are instantly available in the receiver's account. Payments move instantly from customer to vendor.
- RTP support is broadening across banks, already powers Zelle, and is ready for your app, too!
- Specify remittance information. Set a helpful message for your counterparty’s bank statement. No more garbled company discretionary data.
- Errors happen right away, or not at all.
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curl -X "POST" \
--url "${INCREASE_URL}/real_time_payments_transfers" \
-H "Authorization: Bearer ${INCREASE_API_KEY}" \
-d $'{
"source_account_number_id": "account_number_v18nkfqm6afpsrvy82b2",
"destination_account_number": "12345678",
"destination_routing_number": "101050001",
"amount": 100,
"creditor_name": "Ian Crease",
"remittance_information": "Invoice 29582"
}'
Customers receive requests in their normal banking app in seconds.
- Great for weekend transactions and last-minute adjustments.
- Low fees, high maximums, and instant settlements. The payment method 2023 deserves.
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curl -X "POST" \
--url "${INCREASE_URL}/real_time_payments_request_for_payments" \
-H "Authorization: Bearer ${INCREASE_API_KEY}" \
-d $'{
"destination_account_number_id": "account_number_v18nkfqm6afpsrvy82b2",
"expires_at": "2022-12-2T19:24:55Z",
"source_account_number": "12345678",
"source_routing_number": "101050001",
"amount": 100,
"debtor_name": "Ian Crease",
"remittance_information": "Invoice 29582"
}'
Look up bank details by routing number.
- We’re keeping a list of who supports Real Time Payments (and who’s late to the game).
- 62% of checking accounts are at an institution that supports RTP.
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curl \
--url "${INCREASE_URL}/routing_numbers?routing_number=021000021" \
-H "Authorization: Bearer ${INCREASE_API_KEY}"
Funds settle faster than you can say "Automated Clearing House."
When the world of consumer applications became real-time, the US
banking system stood still. Real-Time Payments is the fast, secure,
and affordable transfer solution that will power the next generation
of financial software.
Independent contractors
Workers can receive their pay within minutes of completing their work.
Digital wallets
Consumers can instantly move funds from a digital wallet to their bank account.
Auto sales
Complete auto purchases on weekends, outside of about bank operating hours.
Mortgage closing
Simple and fast adjustments during the real-estate mortgage close process.
“Increase has been an invaluable banking partner to Modern Treasury. They support innovative, fast growing customers looking for high quality banking technology, and get our mutual customers moving money quickly. They understand the importance of speed to market and provide the right tools for building financial products.”
Dimitri Dadiomov
CEO, Modern Treasury
Customize every field you need
Real-time payments use a subset of ISO 20022, Payments Clearing and Settlement. Files are XML.
pacs.xml
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<Message xmlns:head="urn:iso:std:iso:20022:tech:xsd:head.001.001.01" xmlns:doc="urn:iso:std:iso:20022:tech:xsd:pacs.008.001.08" xmlns:p3="http://www.w3.org/2001/XMLSchema-instance" xmlns="urn:tch" p3:schemaLocation="urn:tch messages.xsd">
<AppHdr>
<Fr>
<FIId>
<FinInstnId>
<ClrSysMmbId>
<MmbId>233333377A1</MmbId>
</ClrSysMmbId>
</FinInstnId>
</FIId>
</Fr>
<To>
<FIId>
<FinInstnId>
<ClrSysMmbId>
<MmbId>994444441P1</MmbId>
</ClrSysMmbId>
</FinInstnId>
</FIId>
</To>
<BizMsgIdr>B20221118444444444P2BINC0555555555</BizMsgIdr>
<MsgDefIdr>pacs.008.001.08</MsgDefIdr>
<CreDt>2022-11-18T12:59:10</CreDt>
</AppHdr>
<CreditTransfer>
<FIToFICstmrCdtTrf>
<GrpHdr>
<MsgId>2022111444444444P2BINCR555555555</MsgId>
<CreDtTm>2022-11-18T12:59:10</CreDtTm>
<NbOfTxs>1</NbOfTxs>
<TtlIntrBkSttlmAmt Ccy="USD">100</TtlIntrBkSttlmAmt>
<IntrBkSttlmDt>2022-11-18</IntrBkSttlmDt>
<SttlmInf>
<SttlmMtd>CLRG</SttlmMtd>
<ClrSys>
<Cd>TCH</Cd>
</ClrSys>
</SttlmInf>
</GrpHdr>
<CdtTrfTxInf>
<PmtId>
<InstrId>2022111444444444P2BINCR555555555</InstrId>
<EndToEndId>2022111444444444P2BINCR555555555</EndToEndId>
<TxId>2022111444444444P2BINCR555555555</TxId>
</PmtId>
<PmtTpInf>
<SvcLvl>
<Cd>SDVA</Cd>
</SvcLvl>
<LclInstrm>
<Prtry>STANDARD</Prtry>
</LclInstrm>
<CtgyPurp>
<Prtry>BUSINESS</Prtry>
</CtgyPurp>
</PmtTpInf>
<IntrBkSttlmAmt Ccy="USD">100</IntrBkSttlmAmt>
<ChrgBr>SLEV</ChrgBr>
<InstgAgt>
<FinInstnId>
<ClrSysMmbId>
<MmbId>053112929</MmbId>
</ClrSysMmbId>
</FinInstnId>
</InstgAgt>
<InstdAgt>
<FinInstnId>
<ClrSysMmbId>
<MmbId>271070801</MmbId>
</ClrSysMmbId>
</FinInstnId>
</InstdAgt>
<Dbtr>
<Nm>Advanced Research Industries, LLC</Nm>
</Dbtr>
<DbtrAcct>
<Id>
<Othr>
<Id>12345678444</Id>
</Othr>
</Id>
</DbtrAcct>
<DbtrAgt>
<FinInstnId>
<ClrSysMmbId>
<MmbId>053112929</MmbId>
</ClrSysMmbId>
</FinInstnId>
</DbtrAgt>
<CdtrAgt>
<FinInstnId>
<ClrSysMmbId>
<MmbId>271070801</MmbId>
</ClrSysMmbId>
</FinInstnId>
</CdtrAgt>
<Cdtr>
<Nm>Ian Crease</Nm>
</Cdtr>
<CdtrAcct>
<Id>
<Othr>
<Id>0147852369</Id>
</Othr>
</Id>
</CdtrAcct>
<RmtInf>
<Ustrd>Invoice 29582</Ustrd>
</RmtInf>
</CdtTrfTxInf>
</FIToFICstmrCdtTrf>
</CreditTransfer>
</Message>
Clearing System Member Id
Increase's ID at The Clearinghouse.
Financial Institution Member Id
Increase's bank's ID at the Clearinghouse
Business Message Header
Message format identifier
This is an enum. It is always "pacs.008.001.08" to send a credit, which stands for "Payments Clearing and Settlement."
Creation date
ISO timestamp.
Message identifier
Creation date
ISO timestamp.
Number of transactions
The number of transactions in this request.
Total interbank settlement amount
The total amount that will settle between banks.
Settlement date
The effective date of the settlement.
Settlement method
An enum, "CLRG" means "Clearing."
Clearing System Code
An enum, "TCH" means "The Clearing House."
Instrument idenfifier
End-to-end identifier
Transaction identifier
Payment type service level
The payment type service level.
Instrument
An enum, can be one of
- INTERMEDIARY
- STANDARD
- ZELLE
Category
An enum, can be one of
- BUSINESS
- CONSUMER
Charge bearer
Constant. Defines that charges will be based on established "Service Level Agreements" provided in the RTP Operating Rules.
Sender routing number (clearing)
The sender routing number to be used for clearing.
Receiver routing number (clearing)
Sender name
Origin routing number
The sending routing number.
Origin routing number
The sending routing number.
Destination routing number
The routing number of the receiving entity.
This field can be set using the destination_routing_number field in the API. Read more.
Creditor name
The name of the entity who receives the funds.
This field can be set using the creditor_name field in the API. Read more.
Destination account number
The receiver's account number at their bank.
This field can be set using the destination_account_number field in the API. Read more.
Remittance information
A customer-defined message.
This field can be set using the remittance_info field in the API. Read more.
Build your bank
Everything you need and nothing you don't
Direct connections to the networks for money transmission. Bank accounts that open instantly. Unopinionated building blocks that let you build for any funds flow or use case.
ACH
Originate ACH credits and debits, validate account numbers with pre-notifications and store commonly accessed details.
Bank Accounts
Commercial or consumer, FDIC insurance, unlimited account numbers.
Cards
Issue cards with custom art to businesses or consumers. Approve authorizations in real-time, or configure limits programmatically.
Checks
Send branded checks anywhere in the world with one API call. Or deposit checks via API or the dashboard.
Real-Time Payments
Transmit money to accounts at most major banks in seconds, not days.
Wires
The original instantaneous money transfer. Send money anywhere, anytime Fedwire is open.