Zions Bancorporation Joins Real Time Payments Network
11/03/2021 - 10:00 AM
Small business, corporate and consumer clients can receive immediate payments to their checking accounts
SALT LAKE CITY --(BUSINESS WIRE)--
Zions Bancorporation, N.A . (NASDAQ: ZION) has joined the RTP® network developed by The Clearing House, enabling its business and consumer clients to receive real-time payments.
The RTP system supports instantaneous settlement and availability, so funds received can be used or withdrawn as cash within seconds. The RTP network is the first new payments infrastructure built in the U.S. in more than 40 years, providing the banking industry a modern platform for 24/7 domestic real-time payments, complete with rich data capabilities and immediate payment confirmation.
“The ability to receive immediate payments gives business and consumer clients more control over their cash flow, and we’re pleased to offer them this important new functionality,” said Harris H. Simmons , Chairman and CEO of Zions Bancorporation .
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. Most recently, The Clearing House has revolutionized U.S. payments infrastructure with 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 .
About Zions Bancorporation
Zions Bancorporation, N.A . is one of the nation's premier financial services companies with annual net revenue of $2.8 billion in 2020 and more than $85 billion of total assets. Zions operates under local management teams and distinct brands in 11 western states: Arizona , California , Colorado , Idaho , Nevada , New Mexico , Oregon , Texas , Utah , Washington , and Wyoming . The Bank is a consistent recipient of national and state-wide customer survey awards in small and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending, recently ranking as the tenth largest provider in the U.S. of the SBA’s Paycheck Protection Program loans. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at zionsbancorporation.com .
Zions Bancorporation, N.A . Member FDIC
View source version on businesswire.com : https://www.businesswire.com/news/home/20211103005211/en/
James Abbott
Tel: (801) 844-7637
Source: Zions Bancorporation, N.A .
ZION Rankings
#4453 Ranked by Stock Gains
ZION Stock Data
Industry
Commercial Banking
Sector
Finance and Insurance
Tags
Finance, Regional Banks, Finance and Insurance, Commercial Banking
Country
US
City
Salt Lake City
About ZION
zions bancorporation is one of the nation's premier financial services companies, consisting of a collection of great banks in select high growth markets. under local management teams and community identities, zions operates over 500 full-service banking offices in arizona, california, colorado, idaho, nevada, new mexico, oregon, texas, utah and washington. in addition, zions is a national leader in sba lending, public finance advisory services, and agricultural finance. the company is included in the s&p 500 index.