> ## Documentation Index
> Fetch the complete documentation index at: https://developer.tazapay.com/llms.txt
> Use this file to discover all available pages before exploring further.

# RTP — Real-Time Payments

RTP is operated by The Clearing House (TCH), a private payments company owned by large US banks. Launched in November 2017, it was the first new payment rail built in the US in over 40 years. RTP enables instant, irrevocable credit transfers between participating institutions, available 24/7/365. As of early 2026, RTP reaches approximately 65% of US bank accounts.

## B2B and B2C

| **Field**                                             | **Details**                                                                                                                                                                                                                                    |
| ----------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Supported Modes**                                   | B2B, B2C                                                                                                                                                                                                                                       |
| **Supported Currencies**                              | USD                                                                                                                                                                                                                                            |
| **Network Participant**                               | RTP (The Clearing House)                                                                                                                                                                                                                       |
| **Channels**                                          | US banks participating in the RTP network                                                                                                                                                                                                      |
| **Cutoff for Initiating Payout**                      | No cutoff — 24/7/365                                                                                                                                                                                                                           |
| **Mandatory Data Requirements for Merchant / Entity** | Business: Registration Name, Type, Registration number, Registration date, Registration address, Email, Phone number. UBO: First name, Last name, ID (National ID / Passport), Date of birth, Ownership %, Roles, Address, Phone number, Email |
| **Mandatory Data Requirements for Beneficiary**       | Account holder name (as per bank account), Account number, Bank name, ABA code                                                                                                                                                                 |
| **Beneficiary Statement Narrative**                   | Ultimate Remitter name + memo / transaction description field (not guaranteed — subject to recipient bank)                                                                                                                                     |
| **Limits**                                            | 10,000,000 USD per transaction                                                                                                                                                                                                                 |
| **Settlement Time**                                   | Real time                                                                                                                                                                                                                                      |
| **Rail Availability**                                 | 24/7/365                                                                                                                                                                                                                                       |

## Mandatory Data Fields Reference

The following fields are required for merchant payout initiation.

### Merchant / Entity Requirements

#### Entity

| **Field**                | **Description**                             |
| ------------------------ | ------------------------------------------- |
| **name**                 | Legal entity name                           |
| **type**                 | e.g. Company, LLP etc                       |
| **Registration number**  | Company registration / incorporation number |
| **Registration date**    | Date of incorporation                       |
| **Registration address** | Registered address of the entity            |
| **Email**                | Entity contact email                        |
| **Phone number**         | Entity contact phone number                 |

#### UBO (Ultimate Beneficial Owner)

| **Field**                 | **Description**                               |
| ------------------------- | --------------------------------------------- |
| **first\_name**           | UBO first name                                |
| **last\_name**            | UBO last name                                 |
| **ID**                    | National ID or Passport number                |
| **date\_of\_birth**       | Format: DD-MM-YYYY                            |
| **ownership\_percentage** | Ownership stake held by this UBO              |
| **roles**                 | e.g. director, shareholder, beneficial\_owner |
| **Address**               | UBO residential address                       |
| **Phone number**          | UBO contact phone                             |
| **Email**                 | UBO contact email                             |

### Beneficiary Requirements

| **Field**               | **Description**                                        |
| ----------------------- | ------------------------------------------------------ |
| **Account holder name** | Name as it appears on the bank account                 |
| **Account number**      | US bank account number                                 |
| **Bank name**           | Name of the receiving bank                             |
| **ABA code**            | American Bankers Association routing number (9 digits) |