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PNC reports brisk B2B enrollment for real-time payments


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The past year has seen the emergence of what PNC Financial Services Group s Chris Ward calls the immediate economy, and that has made all the difference for the bank s real-time payment program.
More than 250 of the bank s wholesale clients are now regularly using PNC s connection to The Clearing House s RTP network, which is up from just a handful a year ago.
As so much more gets digitized, there s more of a need to have funds immediately, said Ward, who is the executive vice president and head of product for treasury management at PNC, which is connected to both TCH s RTP network and the bank-backed Zelle peer-to-peer transfer app. ....

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