The massive scale of the e-commerce market is burdening community banks with its volume of payments. But there may be strength in numbers.
The Bankers' Bank is turning its correspondent banking model to faster payment processing, acting as a funding agent for depository institutions that want to use The Clearing House's real-time payments network (RTP).
Bankers' Bank hopes that by funding and managing positions in an RTP joint account, it can lower the bar for entry into RTP for smaller institutions. There are many real-world use cases, ranging from e-commerce to supply chain automation, that can help community banks