RTP® OBO payments

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Comerica Bank Ushers in New Era of RTP® Through New On-Behalf-Of (OBO) Payment Solutions
Prnewswire· 2025-06-16 13:23
Core Viewpoint - Comerica Bank is adopting new On-Behalf-Of (OBO) payment capabilities on the RTP network, enhancing its instant payment solutions for clients like Monex USA, which will facilitate real-time disbursements and improve operational efficiency [1][3][4]. Group 1: OBO Payment Capabilities - OBO payments allow a sender to make payments on behalf of another person, enhancing payment transparency and risk management through revised rules [2][3]. - The new framework for OBO payments broadens the benefits of RTP transactions, enabling real-time disbursement use cases such as payroll and marketplace payouts [3][4]. Group 2: Impact on Clients - Monex USA will leverage RTP OBO payments to streamline its operational processes and enhance transparency in domestic transactions [4][5]. - The introduction of OBO payments aligns with Monex USA's strategy to integrate advanced payment systems, providing clients with real-time insights and improved decision-making capabilities [5]. Group 3: Comerica Bank Overview - Comerica Bank is a significant player in the U.S. financial services sector, with total assets of $77.6 billion as of March 31, 2025, and a focus on building customer relationships [7]. - The bank has been an early adopter of the RTP network, emphasizing its commitment to delivering innovative payment solutions [4][6]. Group 4: The Clearing House - The Clearing House operates the RTP network, which processes over one million transactions daily for more than 950 banks and credit unions, facilitating secure and efficient payment systems [3][9].