What is TCH RTP?

TCH RTP, or Real-Time Payments, is a real-time payments system in the United States operated by The Clearing House (TCH). It allows for immediate clearing and settlement of payments between participating financial institutions, 24/7/365. It is commonly used for a variety of payment scenarios, including business-to-business (B2B), business-to-consumer (B2C), and peer-to-peer (P2P) payments, as well as bill payments and account transfers. Its key features include immediate funds availability, rich data capabilities, and support for request-for-payment messages.