Real-Time Payments (RTP) Audit

The Clearing House’s Real-Time Payments (RTP) network is a new core payments infrastructure providing consumers and businesses with the capability to send instantaneous payments on a 24/7/365 basis. Every financial institution that sends and/or receives RTPs must verify its compliance with the RTP Participation and Operating Rules on an annual basis.

Wespay Advisors can help your organization meet this requirement with our RTP Audit Service by leveraging our decade-plus expertise in performing payments audits. Each engagement includes a preliminary exit meeting to share initial findings and recommendations followed by a comprehensive RTP Audit Management Report detailing those areas.

The RTP Audit will include focus areas, such as:

• General Participant Responsibilities 
  • Continuous operation validation
  • Message capabilities
  • Payment acceptance and receiver statement formatting 
• Receiving Participant Obligations 
  • Payment message response acceptance and timing
  • Funds availability
  • Multi-factor authentication
  • Fraud and risk monitoring
  • Errors and unauthorized payment process
• Sending Participant Obligations (if applicable)
  •  Message formatting
  • Directory service compliance

Why Choose Wespay Advisors?

Wespay Advisors’ staff of accredited payments experts has decades of experience working with hundreds of organizations to understand the threats and common solutions facing your business.

Our clients gave Wespay Advisors a remarkable average rating of 9.66 in 2024 and a net promoter score of 92, reflecting our commitment to excellence and customer satisfaction.