Wells Fargo announced that its corporate customers can now send real-time payments through the RTP network via an application programming interface (API), enabling the immediate movement of money and expanding the bank’s faster payments offerings.
Wells Fargo previously rolled out capabilities for both retail and wholesale customers to receive payments over the RTP network at the end of 2018.
“Our customers want the ability to make immediate payments and receive timely confirmations to run their businesses more efficiently,” said Danny Peltz, head of Treasury, Merchant and Payment Solutions at Wells Fargo.