Avidia Bank to implement real-time payments

Avidia Bank has announced that it has committed to bringing real-time payments capabilities to its customers through the RTP network developed by The Clearing House (TCH).

With the RTP network, Avidia Bank will deliver a payments infrastructure that is designed to enabling businesses and consumers to send, clear, and settle payments immediately while also providing for advanced messaging capabilities.

By implementing the RTP network, Avidia Bank joins a growing number of financial institutions offering advanced capabilities to their customers. The RTP network currently reaches more than 50% of US demand deposit accounts and is on track to achieve ubiquity in 2020.