TABLE OF CONTENTS
We provide strategic insight, technical expertise, and lessons learned to create the most efficient and effective way of approaching and implementing a Real-Time Payments (RTP) strategy. If you are thinking about RTP, we help build out the strategy that best fits your organization, then implement that solution with our team of experienced, in-house technical experts.
We support the assessment of your current RTP strategy and provides product support to successfully position real-time payments both within the market and your organization. Our industry insight, as well as detailed expertise with real-time payments, provide a unique perspective allowing efficiency and effectiveness from strategy to launch.
We assist in vendor selection for both real-time payments vendor offerings, as well as supporting vendors for a real-time payments strategy.
With a one-to-three day workshop, we create and assess current use cases based on your client portfolio, building detailed customer journeys to provide a customer-centric approach to your use of RTP. This creates opportunities for competitive differentiation and targeted solutions for your key customer segments.
Information sessions on-site or via a web connection explain what real-time payments is, why it matters, the use cases, and other tailored RTP information to meet your organization’s needs.
We support the creation of business requirements, creating solution architecture, and defining the technical design of your RTP implementation. We work alongside you to provide a comprehensive plan that ensures your implementation of RTP is successful.
We provide product support for business requirements and technical requirements discovery and documentation.
Detailed solution architecture including your internal infrastructure, vendor-supplied applications, and a chosen RTP vendor, as applicable.
We develop business requirements into tactical steps, providing a technical roadmap of detailed phases in which the real-time payments product can be implemented across the enterprise, detailing what existing and new services, as well as technical capabilities, are required.
Our experience and knowledge of real-time payment systems result in decreased time to market using our skilled, in-house development resources. Our broad implementation experience gives us the confidence to discover and identify surprises early in the process as we work alongside your resources to implement RTP as a product across the enterprise.
We develop a cloud strategy to enhance real-time payments capabilities, and ensure technology stacks and infrastructure are well prepared for a real-time environment. We assist with finding vendors with hosting capabilities to align with your unique needs. We assess moving testing environments to the cloud for faster setup and teardown along with increased flexibility.
We deliver strategic decisions that will increase your ability to deliver applications and services at high velocity.
We provide technical delivery of real-time payments strategy, from development to product release. We provide a direct integration to TCH—or assist with a vendor integration—with a specialization in proper architecture and development of any necessary wrappers, orchestration, or translation layers, ensuring the best fit with your systems.
We provide an end-to-end assessment of all operational processes to discover the organizational impact of implementing a real-time payments product. This includes reporting findings and suggesting potential solutions for any impacts found.
Real-Time Payments will quickly become the industry standard, because the market expects it. Take advantage of our experience and accelerate your adoption of the new standard.
Throughout this series we'll provide answers to frequently asked questions surrounding product management for RTP, such as managing the product(s) long term, dealing with cannibalizing current products, and more.
TCH’s RTP adoption is rising. A recent study noted 74 percent of small and large institutions are considering RTP or have begun implementation. Although a large majority are adopting RTP, there are many differences for RTP within small or large FIs.
In 2019, we participated in the RTP Buildathon, sponsored by The Clearing House, Oracle, Yodlee, and The Carolina Fintech Hub. Our task was creating a compelling use case for leveraging the RTP rail and building a working prototype to demo our idea.
Integrating the Zelle P2P Service into a financial institution's ecosystem is an incredible opportunity, but the journey to get there can be a rocky one for institutions not adequately prepared.