RTP4 is available as a service to any payment services provider through their own banking channel or as stand-alone app.

RTP4 enables banks and payment providers to offer their own Request to Pay solution, rather than waiting for, or ahead of, joining an opt-in messaging scheme.

The white label service includes a rich set of value adds such as: Communicate (rich dialogue between buyer and seller and bank), Choose (options for both Payers and Payees on terms, nudges and service), Collect (payments of any type) and Consolidate (data to any accounting, source or destination system). Banks and PSPs benefit from these real-time insights in their business clients’ relationships, which can allow them to offer additional services like lending, invoice financing and many more - digitally and securely delivered.

Mark Hartley, CEO and Founding Partner of BankiFi states: “We see banks and PSPs with a clear wish and need to offer tangible benefits to their business customers around Open Banking. RTP4 is more than a mere Request to Pay and very relevant today as it not only combats late payments but also deals with unnecessary cancellations of direct debits in a time when people look for control on the money going in and out of their account. Request to Pay offers all the ease of use, time saving, insight and security small businesses need but also addresses the balance of control at their clients’ side. It builds and cements trusting relationships between the SME and their customers and the bank and its SME clients.”

RTP4 is available today and a pre-defined bundle of a range of micro business services available within the BankiFi brand.