Finzly Achieves RTP Network Certification for Request for Payment to Drive Instant Pay-by-Bank Adoption

Finzly has secured technical certification to provide Request for Payment (RfP) functionality to financial institutions on the RTP network, operated by The Clearing House. This development allows banks to offer real-time, bank-mediated payment requests, providing a critical infrastructure upgrade for U.S. institutions looking to integrate instant payment capabilities into their digital banking experiences.

What was announced

Finzly is now certified to offer Request for Payment (RfP) capabilities on the RTP network, following a successful implementation with an initial bank customer. This functionality allows a business or consumer to initiate a payment request through their financial institution. The recipient can then review and approve the request, triggering a payment that settles in seconds. While the RTP network, operated by The Clearing House, is the primary rail for this certification, the resulting payments can also settle via the Federal Reserve’s FedNow Service.

The capability is delivered through Finzly’s "Payment Galaxy," an API-first, unified payment platform. This platform is designed to support multiple payment rails, including ACH, the RTP network, FedNow, Fedwire, and SWIFT. By using APIs, banks can extend RfP functionality beyond their own proprietary digital channels, allowing third-party platforms and businesses to build "pay-by-bank" experiences directly into their own applications. This opens up specific use cases in bill and invoice payments, loan servicing, account funding, and business-to-business transactions.

The RTP network currently reaches more than 1,400 financial institutions. According to data from The Clearing House, the network is responsible for more than 97% of the bank-to-bank instant payment volume in the United States. Finzly’s certification aims to lower the technical barrier for these institutions to adopt RfP, which remains an emerging capability in the domestic market compared to other global geographies.

"RfP gives banks another practical way to help customers get paid and make payments. It puts the bank in the middle of the payment experience, where it should be, and gives customers more choice in how they move money."

Booshan Rengachari, founder and CEO of Finzly.

The companies involved

Finzly is a technology provider specializing in modern banking infrastructure and API-first payment platforms. The company focuses on helping financial institutions of various sizes transition from legacy systems to more agile, real-time processing environments. Its core offering, Payment Galaxy, acts as a centralized hub for managing diverse payment types, including domestic and international rails. Finzly has established a significant presence in the fintech news cycle, with 21 previous reports detailing its technological milestones and platform expansions.

The Clearing House (TCH) is a banking association and payments company that operates several core components of the U.S. payments infrastructure. It is the operator of the RTP network, the first new automated clearing house rail in the U.S. in decades. TCH is owned by many of the world's largest commercial banks and plays a central role in the evolution of real-time clearing and settlement. The organization has been featured in 27 prior reports on FF News, reflecting its position as a cornerstone of the American financial system and a primary driver of instant payment adoption.

What FF News has reported before

FF News has closely followed the evolution of the U.S. real-time payments landscape and Finzly’s role within it. We recently covered how the RTP® Network Sets New Single-Day Record with 1.8 Million Transactions, highlighting the accelerating volume on The Clearing House's infrastructure. Finzly has also been active in integrating advanced technology into its stack, as seen when Finzly Announces Agentic AI-powered Payments and Operations to streamline bank workflows. Additionally, the company has focused on international standards, as reported in Finzly Positions Its Customers Ahead of the Shift to Swift MX ISO 20022, which detailed their efforts to modernize messaging for global transactions.

What this means

The certification of RfP functionality moves the needle for the U.S. banking sector by addressing the "pull" side of real-time payments. While instant "push" payments have grown, the ability for a business to request funds directly through a bank rail is the missing link for widespread B2B and B2C adoption. This puts significant pressure on legacy bill-pay providers and card networks, as RfP offers a lower-cost, higher-speed alternative with immediate settlement. The industry must now address whether consumers will shift their behavior away from established digital wallets toward these bank-integrated experiences. The success of this rollout will likely depend on how effectively banks can embed these APIs into third-party merchant workflows.