Comerica Bank Ushers in New Era of RTP® Through New On-Behalf-Of (OBO) Payment Solutions

Rhea-AI Summary

Comerica Bank (CMA) has announced its early adoption of The Clearing House's revised rules for domestic On-Behalf-Of (OBO) payments on the RTP® network. The bank, along with client Monex USA, has completed one of the first OBO payments under the new rules. OBO payments allow senders to make RTP transactions on behalf of other parties, with the new framework focusing on payment transparency, due diligence, risk management, and fraud reporting. The RTP network currently processes over 1 million transactions daily for more than 950 financial institutions. This implementation enables various real-time disbursement use cases, including payroll, benefits, marketplace payouts, and embedded payments. For Monex USA, a digital payments platform, the OBO capability will facilitate instant payments at scale and improve operational processes with enhanced transparency.

Positive

• Early adoption of OBO payments positions Comerica as an innovation leader in instant payment solutions
• Access to RTP network processing over 1 million transactions daily across 950+ institutions
• Enables new revenue streams through real-time disbursement services like payroll and marketplace payouts
• Enhanced risk management framework and transparency for payment processing

Negative

• None.

Insights

Payments Industry Expert

Comerica's early adoption of OBO payments on the RTP network positions it favorably in the evolving digital payments landscape.

Comerica Bank's move to become an early adopter of On-Behalf-Of (OBO) payment capabilities on The Clearing House's RTP® network represents a strategic advancement in the bank's digital payments infrastructure. The RTP network currently processes over one million transactions daily across more than 950 financial institutions, highlighting its significant market penetration.

The new OBO capability creates substantial opportunities for Comerica in high-volume payment scenarios including payroll processing, benefits disbursement, marketplace payouts, and embedded payment solutions. These use cases could drive meaningful transaction volume growth as they typically involve frequent, recurring payment flows.

By partnering with Monex USA (a provider of international payments and FX services) for this implementation, Comerica demonstrates practical application of this technology in complex payment environments. For Monex specifically, this advancement simplifies operational processes while improving end-to-end payment transparency - both critical competitive advantages in the payments industry.

The revised rules create a more consistent framework for intermediated RTP activity with emphasis on payment transparency, due diligence, and enhanced risk management. These improvements address key friction points that have historically limited broader adoption of real-time payments for certain use cases.

As one of the first banks to join the RTP network, Comerica's continued early adoption of advanced features reinforces its position as an innovator in the payments space - an increasingly important competitive differentiator as digital payment capabilities become central to banking relationships.

Comerica Bank and client Monex USA work together to introduce new OBO capabilities.

DALLAS, June 16, 2025 /PRNewswire/ -- Comerica Bank "Comerica" announced it will become an early adopter of The Clearing House's revised rules for domestic On-Behalf-Of (OBO) payments on the RTP® network, the largest and most utilized instant payments network in the United States operated by The Clearing House. Comerica Bank, and its client Monex USA, a leading provider of international payments, corporate FX and currency risk hedging services, took part in one of the first OBO payments under the revised rules, reinforcing Comerica's dedication to delivering instant payment solutions designed for speed, efficiency and flexibility for both direct and indirect customers.

OBO payments are RTP transactions originated by a sender to make a payment for another person (i.e., on behalf of that other person). The sender is the titled owner of the account from which the RTP payment is sent. The new rules replace existing requirements for Payment Service Providers and apply more broadly to intermediated RTP activity, introducing a consistent framework focused on payment transparency, due diligence, risk management and fraud reporting obligations.

"Introducing this new capability is a testament to Comerica's commitment to providing our customers seamless, on demand access to funds, both for themselves and their own customers," said Allysun Fleming, Comerica Bank Executive Director of Payments. "RTP OBO payments unlock real-time disbursement use cases at scale, such as payroll and benefits, marketplace payouts, embedded payments, and more. We are excited to participate in an ecosystem that enforces transparency of funds."

A comprehensive risk management framework for OBO payments on the RTP network broadens the benefits of RTP payments through enhanced oversight of intermediary payments providers. Through the new requirements, the RTP network strengthens participants' ability to manage risk for growing payment use cases and will increase momentum for the 24/7 real-time payment network that already processes more than one million transactions per day for more than 950 banks and credit unions.

"Comerica was one of the first banks to join the RTP network and they continue to be an instant payments early adopter by offering OBO capabilities to customers," said Jim Colassano, Senior Vice President of RTP Business Product Management at The Clearing House. "We are excited to see how Comerica will utilize OBO payments to provide innovative capabilities to its customers, such as Monex USA."

Monex USA is a digital payments platform designed for managing foreign currency and global transactions securely and conveniently. RTP OBO payments for domestic transactions will enable Monex USA to facilitate instant payments at scale, greatly simplifying their operational process and providing enhanced transparency end to end.

"As Monex USA deepens its investment in advanced payment systems to harness the intersection of technology and digital commerce, RTP strengthens our value proposition by delivering not only speed, but also greater control and transparency – empowering clients with real-time insights and enhanced decision-making capabilities," said John Doyle, CEO of Monex USA.

The introduction of OBO payments is part of Comerica's efforts to deliver real-time financial tools and solutions aimed at supporting businesses and enhancing the customer experience. For more on Comerica's payment solutions, visit www.comerica.com.

About Comerica Bank
Comerica Bank, a subsidiary of Comerica Incorporated (NYSE: CMA), is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $77.6 billion at March 31, 2025. Learn more about how Comerica is raising expectations of what a bank can be by visiting www.comerica.com, and follow us on Facebook, X, Instagram and LinkedIn.

About Monex USA
Monex USA has provided corporate clients with industry-leading foreign exchange and international payment solutions for over 25 years. Monex USA is part of the wider financial services group controlled by Monex S.A.P.I. de C.V. (formerly Monex S.A.B. de C.V.) ("Monex"), a global investment-grade financial services institution. Founded in 1985, the Monex Group is a global financial services organization that services more than 70,000 clients worldwide. In 2024, Monex managed US $309 billion in deliverable FX trades and US $11.1 billion worth of assets. Through its subsidiaries, the group offers financial services in key financial centers worldwide throughout North America, Latin America, Europe, and Asia, and employs over 2,800 people globally. As part of the Monex Group, Monex USA is headquartered in Washington, DC, with offices in New York City and Beverly Hills. Learn more at MonexUSA.com.

About The Clearing House
The Clearing House operates U.S-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image, and real-time payments. It is the nation's most experienced payments company, with a long track record of providing secure and reliable systems, payments innovation, and strategic thought leadership to financial institutions. In 2017, The Clearing House revolutionized U.S. payments by introducing the RTP® network, which supports the immediate clearing and settlement of payments, along with the ability to exchange related payment information across the same secure channel. These RTP capabilities enable all financial institutions to offer safer, faster, and smarter digital transaction services for their corporate and retail customers. Learn more at www.theclearinghouse.org.

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SOURCE Comerica Bank

FAQ

What is Comerica Bank's new OBO payment solution on the RTP network?

Comerica Bank's OBO (On-Behalf-Of) payment solution allows users to make RTP transactions on behalf of other parties, with enhanced transparency, risk management, and fraud reporting capabilities

How many transactions does the RTP network process daily?

The RTP network processes more than one million transactions per day for over 950 banks and credit unions

What are the main benefits of Comerica's OBO payments for businesses?

The OBO payments enable real-time disbursement for payroll, benefits, marketplace payouts, and embedded payments, with enhanced transparency and risk management

How will Monex USA benefit from Comerica's OBO payment capability?

Monex USA will be able to facilitate instant payments at scale, simplify operational processes, and gain enhanced end-to-end transparency for domestic transactions

What new features are included in the revised OBO payment rules?

The revised rules include a framework focused on payment transparency, due diligence, risk management, and fraud reporting obligations for intermediated RTP activity