Rent payments
Enable instant rent payments with immediate confirmation, giving tenants and landlords peace of mind.
A tenant wants to pay rent on time to avoid late fees
The Real-Time Rail enables rent to be paid instantly with immediate confirmation
The landlord can instantly confirm payment and access the funds
Problem:
A tenant wants to pay rent on time to avoid late fees. With private landlords, payment often depends on methods that:
- Require in-person drop-off, leaving the tenant unsure when the payment will be withdrawn from their account
- Don’t always confirm immediately, creating delays and added reconciliation effort for the landlord
Solution:
With the Real-Time Rail, the tenant pays rent on the due date with immediate confirmation. The landlord has certainty of receipt and immediate access to funds — without timing gaps, holds or extra processing steps.
What this unlocks for you:
Account primacy
Simplifying obligations like rent keeps everyday payments flowing through your institution
Simplifying obligations like rent keeps everyday payments flowing through your institution
Digital engagement
Seamless everyday payments drive habitual interaction with your digital channels
Seamless everyday payments drive habitual interaction with your digital channels
Note: As the RTR matures, more payment types and fintechs are expected to introduce real-time capabilities. This use case library highlights potential near- and longer-term opportunities. At launch, most payments are expected to continue using batch processes.