NetXD Launches Cloud-Based RTP Solution to Accelerate Real-Time Payment Adoption

NetXD has launched as a Third Party Service Provider for The Clearing House’s RTP network, introducing a cloud-based integration path for real-time payments. For financial institutions, this provides a way to bypass legacy core system constraints and implement 24/7 payment capabilities in weeks, potentially shifting the economics of instant settlement for the broader banking sector.

What was announced

NetXD’s new status as a Third Party Service Provider (TPSP) allows it to offer a cloud-native solution for the RTP network, designed to address common friction points such as reconciliation bottlenecks and real-time fraud monitoring. The offering centers on the NetXD Connector for the RTP network, which utilizes programmable bank accounts and APIs to facilitate instant payments for corporate and fintech clients.

A key feature of the rollout is the speed of deployment; the company states that banks can be operational on the solution in approximately 12 weeks. Unlike many traditional payment processing models that charge on a per-transaction basis, NetXD is utilizing a flat-fee monthly model. This approach is intended to help institutions manage operational costs and maintain profitability while scaling their instant payment volumes.

The integration is part of the broader XD Payments platform, which acts as a unified hub for various payment modernization needs. Beyond the RTP network, the platform supports FedNow, traditional ACH and Wire transfers, and cross-border B2B payments via Visa B2B Connect. It also includes card solutions through integration with the Pulse network and bill payment capabilities via Mastercard RPPS. By consolidating these channels, the solution aims to streamline operations without requiring costly changes to a bank's existing core systems.

"We are happy to announce that NetXD is one of the first TPSPs to offer a fully cloud-based solution for the RTP network,"

Keith Gray, Vice President, Business Development at The Clearing House

The companies involved

NetXD is a fintech firm focused on payment modernization, led by Chairman and Founder Suresh Ramamurthi. The company’s XD Payments platform is designed to serve as a single interface for banks to manage diverse payment channels, ranging from real-time domestic rails to international business-to-business transfers. NetXD positions itself as a partner for institutions looking to minimize the operational burdens of legacy infrastructure while adopting modern API-driven services.

The Clearing House (TCH) is a mainstay of the U.S. financial system, owned by many of the world's largest commercial banks. It operates the RTP network, the first new core payments infrastructure built in the U.S. in more than 40 years. TCH is responsible for clearing and settling nearly $2 trillion in payments daily, spanning ACH, wire, and real-time transactions. As the operator of the RTP network, TCH has been actively expanding its ecosystem of third-party providers to accelerate the adoption of instant payments across the thousands of federally insured depository institutions in the United States.

What FF News has reported before

FF News has closely tracked the evolution of the U.S. real-time payments landscape. Recently, we covered how TCH and Quant Partner to Power US Tokenized Deposit Network for Banks, highlighting the operator's interest in blockchain-adjacent technologies. The broader market for instant payment controls has also seen activity, such as when Coinbax Launches Instant Payment Controls for FedNow and RTP Networks.

Other industry players are focusing on the technical hurdles of adoption; for instance, XMLdation Launches Buddy Bank™: A Market-First RTP Payments Testing Simulator for U.S. Banks. Additionally, the push for 24/7 availability continues to gain momentum, as seen when Unit Launches 24/7 Real-Time Payments to Eliminate Banking Calendar Delays.

What this means

The arrival of cloud-native TPSPs like NetXD signals a shift in how mid-tier and community banks approach the real-time payments market. By offering a 12-week implementation window and a flat-fee model, the barrier to entry is significantly lowered, putting pressure on legacy core providers who have traditionally relied on lengthy integration cycles and per-transaction fees. As the RTP network competes for volume with the Federal Reserve’s FedNow service, the ease of integration becomes a primary battleground. The industry must now consider whether the proliferation of third-party connectors will lead to a more fragmented security landscape or if cloud-based fraud controls can effectively mitigate the risks inherent in instant, irrevocable settlement.