Timely and secure payments are critical for any organization looking to maximize the working capital benefits of their corporate card program. We’re always looking at new technologies and innovations that impact the way money moves with this point in mind.
Real-time payments allow you to initiate and settle payments within seconds. Through our partnership with The Clearing House, we’re the first bank to leverage the RTP® network so you can fund your corporate card program or pay your balance to free up funds immediately, 24-hours a day, 365-days a year.
Instant payments with bottom line benefits
Real-time payments settle instantly, unlike ACH or wire transfers that have lengthy settlement periods and high costs.
You can make full or partial balance payments up to $10 million using U.S. Bank SinglePoint™ or, you can make a payment of up to $100,000 through the financial institution of your choice if they participate in the RTP network. Payments post and settle in real-time so not only can you fund your U.S. Bank commercial card program, but you can use your cards immediately.
Real-time payments give you immediate access to your card program’s spending power, providing you with complete control over your spend and working capital. There are no other balance restrictions, and no monthly fees for usage. It’s simple and easy to use.
Uncover the advantages of real-time payments
Instant: Payments that settle immediately are available just as quickly. Your payments post to your U.S. Bank commercial card account within seconds. Control: You can send payments 24-hours a day, 365 days a year giving you greater control over your cash flow and maximizing your working capital. Certainty: Payments are irrevocable – once a payment is submitted its considered final. The payment cannot be revoked or recalled. Cost-effective: Real-time payments are cheaper than a wire transfer and faster than ACH. Flexibility: Submit payment seamlessly from SinglePoint or from another financial institution participating on the RTP network. The choice is yours.
“At Mediaspace Solutions we started utilizing real-time payments to fund our U.S. Bank commercial credit card to make instant payments to various suppliers who needed an immediate payment. In the past we paid 80-90% of our vendors using our commercial credit card program, which could take up to two days to fund the account and we do not operate on credit, so we needed to fund it using [real-time payments] prior to sending payments via credit card. [Real-time payments are] instantaneous and set up was quick and quite easy.”
– Rich Benson, VP Finance, Mediaspace Solutions
Learn more about the impact digital transformation has on payments
Recent payment innovations are making payments easier and frictionless. To learn more about digital trends, read our interactive e-book, The Digital Bridge. For additional information on real-time payments, view our overview guide or frequently asked questions below.
See how your organization can benefit from real-time payments
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Real-time payments FAQ
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