How RTP + information work together
When real-time payments are made, there is so much more information that can be attached to the transactions. By coupling information with the transaction, there is an abundance of insight, which can help to improve business performance, enhance operational efficiencies, monitor fraud and manage risks.
Introducing the Mastercard Bill Pay Exchange
Building from an industry-leading network with over 135,000 billers, the Bill Pay Exchange will help bring transparency, consistency and simplicity to consumer bill pay
Will enable simplified biller setup for consumers, such as biller recommendations based on a consumer’s profile
Will enable consumers to use their mobile banking app to easily see full bill details and manage multiple bills in one place
Will provide consumers choice of payments – bank account payments (ACH and real-time payments) and cards
Will enable real-time payment confirmation and automated reconciliation for the biller