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Real-Time Payments
Why Real-Time Payments?
Real-time payments offer many advantages over traditional payment channels, including cost reduction compared to wire payments, instant settlement compared to ACH and SEPA payments, and the ability to carry remittance information alongside the payment instruction. Never miss a cutoff as real-time payment networks settle immediately with 24/7 instantaneous payment status reporting.
Explore with us the untapped potential of real-time payments for your business.
Real-Time Payments Use Cases
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Time Sensitive Payments
RTP can be used for emergency payments, disaster relief, and exceptional accounts payable disbursements – common scenarios across many industries including distribution and logistics.
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Intercompany Transfers
Treasuries are beginning to use instant payments to concentrate and mobilize cash, domestically and increasingly across borders as instant payments networks evolve with cross-border features.
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Request for Payment (RFP)
B2C have been embedding request for payment features into customer emails for years; now B2B organizations are following the trend. An RTP request can be easily embedded into an electronic invoice.
Real-Time Fraud Detection
Real-Time Payments (RTP) settle instantly and are irrevocable, increasing the need for payers to validate only authorized payments are being remitted.
Kyriba’s real-time fraud detection capabilities are supported by machine learning and rules-based automation, ensuring CFOs have new layers of protection against today’s threats and keeping your finance moving at real-time.
Increase Control over Cash
Instant and real-time payments give finance teams complete control over when funds are debited from bank accounts to optimize management of liquidity and working capital. This improves forecasting certainty and unlocks trapped cash, compared to more traditional payment methods.
Centralizing Payment Channels
Kyriba supports instant payments alongside a variety of payment channels – so our clients have flexibility in what payments they want to use for any scenario. By centralizing, finance teams gain visibility across all payments with complete data on outgoing payments whether payments are initiated directly in Kyriba and/or routed from the ERP. Kyriba fully supports all bank connectivity and banking formats.
From Our Clients
Related Resources
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BlogThe Opportunities and Challenges of Real-time B2B PaymentsRecently real-time B2B payments have attracted a lot of attention from corporate clients. As a payments practitioner, I have spent over a decade helping clients adopt innovations that digitize the entire customer journey in which B2B payments management tends to be one of the most important steps. For example, in the B2B e-commerce context, a bad...Read More -
eBooksAPIs for Finance: Transforming Cash, Liquidity and PaymentsAPIs for Finance: Transforming Cash, Liquidity and PaymentsRead the eBook -
Fact SheetsAdopting Real-Time Payments with KyribaThe terms “fast”, “faster”, “real-time” and “instant” are often used interchangeably to describe new payment options. These terms generally apply to payments using modern payment infrastructures in which the transmission of the payment message and the availability of ‘final’ funds to the payee occur in real time or near-real time as near to a 24/7 basis as possible.Read the fact sheet