NetXD Launches Cloud-based Solution for the RTP® Network as a Third-Party Service Provider

Milestone will empower financial institutions with unmatched agility, scalability, and security

LAWRENCE, Kan.--(BUSINESS WIRE)--NetXD has achieved a significant milestone with its launch as a Third Party Service Provider (TPSP) for The Clearing House’s (TCH) RTP® network. This marks the launch of one of the industry’s first fully cloud-based solutions for the RTP network, empowering financial institutions with unmatched agility, scalability, and security.

NetXD’s solution for the RTP network is set to remove reconciliation bottlenecks, provide real-time fraud checks, and unlock 24/7 payments for financial institutions. Leveraging NetXD’s powerful Connector for the RTP network, programmable bank accounts with APIs, and real-time fraud controls, banks can instantly offer seamless, more secure payments to corporates, fintechs, and more – without costly core system changes. Banks can be up and running on our solution in about 12 weeks, maximizing operational efficiency and profitability with our flat-fee monthly model.

"We are happy to announce that NetXD is one of the first TPSPs to offer a fully cloud based solution for the RTP network," said Keith Gray, Vice President, Business Development at The Clearing House. “This cloud-based solution should help further accelerate the onboarding of new banks onto the RTP network, as we continue to grow our ecosystem."

“At NetXD, we empower banks to unlock the full potential of Real-Time Payments for their customers, enabling them to tap into exciting new use cases," said Suresh Ramamurthi, Chairman, NetXD Inc. "Our mission is to help banks seamlessly integrate with the RTP® network without per-transaction vendor fees, minimizing operational burdens and maximizing profitability. By partnering with NetXD, banks can focus on building innovative solutions for their customers while enjoying exceptional cost efficiency and streamlined operations."

NetXD’s XD Payments is a single platform designed to solve all payment modernization needs of banks. Payment channel connections include real-time payments with the RTP® network and FedNow®, traditional payment rails (ACH and Wire), cross-border B2B payments with VisaB2B Connect, card solutions with integration to Pulse network, and bill payments with Mastercard RPPS.

Ready to transform your payments experience?

Visit NetXD.com today to learn more about NetXD’s real-time payment solution and how it can help your bank modernize the payments experience for your customers in 90 days.

About NetXD:

NetXD provides a programmable bank operating system for FIs to transform their banking and payments experience. NetXD’s platform can be deployed as a sidecar core that supports all major types of consumer and business bank accounts, embedded banking and paired with a payment hub with support for all major payment rails.