{"id":1184,"date":"2026-01-24T01:03:04","date_gmt":"2026-01-23T23:03:04","guid":{"rendered":"https:\/\/digitalfinance.best\/?p=1184"},"modified":"2026-01-24T01:03:04","modified_gmt":"2026-01-23T23:03:04","slug":"citi-present-and-pay-now-live-with-account-authentication-and-real-time-payments","status":"publish","type":"post","link":"https:\/\/smebanking.agency\/platform\/citi-present-and-pay-now-live-with-account-authentication-and-real-time-payments\/","title":{"rendered":"Citi Present and Pay Now Live With Account Authentication and Real-Time Payments"},"content":{"rendered":"
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Citi\u2019s Treasury and Trade Solutions (TTS) has enhanced Citi Present and Pay, its market-leading electronic bill presentment and payment platform for institutional billers in the U.S. Key new capabilities include the addition of Citi Verify, a real-time account verification tool, and electronic bill (e-Bill) distribution capabilities through Request for Pay (RfP) messaging via the RTP network, the real-time payment system from The Clearing House (TCH).<\/p>\n\n\n\n

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\u201cOur clients are increasingly focused on improving the end-user experience of their own customers, with integrated, multi-channel solutions that offer more choice and convenience with flexible payment options and simplified user experiences. We are pleased to provide these new capabilities that can be implemented quickly and can immediately add value to their customers.\u201d<\/p>\nMichael Fossaceca, North America Region Head, Citi Treasury and Trade Solutions<\/cite><\/blockquote>\n\n\n\n

Citi Present and Pay is an omnichannel electronic bill presentment and payment platform that enables institutional clients to distribute bills digitally to customers across multiple communication channels, including email, SMS\/text, voice\/phone, and web and mobile web; and to collect corresponding bill payments via ACH, credit and debit cards, and alternative payment methods (APMs). The new enhancements will enable clients in the U.S. to deliver a better bill-pay experience for their consumer customers in the case of RfP functionality, while also helping to eliminate costly inefficiencies and help address new compliance rules related to ACH direct debits in the case of Citi Verify.<\/p>\n\n\n\n

Both Citi Verify for account validation and RfP for e-bill distribution\/real-time bill payment are offered as optional services through Present and Pay and require no additional implementation. Both services are also available on a stand-alone basis outside of Present and Pay.<\/p>\n\n\n\n

In line with Citi\u2019s broader strategy to leverage Fintech partnerships when appropriate, Citi offers Present and Pay through fully integrated partnerships with multiple \u201cbest in class\u201d billing service providers (BSPs), including Aliaswire Inc., the first BSP partner to deploy Request for Pay and Citi Verify services for Citi\u2019s institutional clients.<\/p>\n\n\n\n

\u201cThese capabilities are the future of payment processing,\u201d said Scott Goldthwaite, President of Aliaswire, a Massachusetts-based payment technology company that equips banks to provide custom-branded billing and payment capabilities to their commercial clients. \u201cAliaswire\u2019s support of Citi\u2019s RfP capability and Citi Verify represent our strong partnership with Citi, and we are proud to create these new payment capabilities within the Present and Pay billing platform.\u201d<\/p>\n\n\n\n

Citi Present and Pay now offers Citi Verify to allow clients to seamlessly conduct real-time validation of customer bank account details to help ensure compliance with the new Web Debit Account Validation Rule from the National Automated Clearing House Association (NACHA) requiring institutional billers and other ACH payment originators to confirm the validity of a payer\u2019s bank account before using an ACH direct debit to collect the payment. With this enhancement, clients can now validate their U.S.-based customers\u2019 bank account information prior to a customer\u2019s enrolment within Present and Pay and\/or before initiating payment transactions. This helps reduce potential fraud and operational inefficiencies often associated with ACH direct debits for bill payment.<\/p>\n\n\n\n

In addition, Citi Present and Pay now offers Request for Pay (RfP) messaging offered through TCH\u2019s RTP network. With this capability, institutional clients can use RfP messages to send e-bills to their customers who hold retail bank accounts at Citi and other banks participating in the RTP network. In addition to benefits to the biller, RfP capabilities enable consumers to benefit from the flexibility to pay their bills immediately, at any time of day, 365 days a year, with greater control over their finances to help avoid overdraft and late fees.<\/p>\n\n\n\n

\u201cAs the speed of money movement increases and more and more consumers move to digital channels to manage their finances, especially as a result of COVID, we are pleased to offer real-time payment like RfP and risk-mitigation solutions like Citi Verify to our institutional clients in the U.S.,\u201d said Alberto Casas, North America Payments and Receivables Head, Citi Treasury and Trade Solutions. \u201cIntegrating these two capabilities into Present and Pay makes it easier and more efficient for U.S. billers to leverage these best-in-class solutions without requiring additional IT resources for deployment. These are the first of several new services we plan to add to Present and Pay to help drive a better bill-pay experience for both Citi clients and their customers.\u201d<\/p>\n\n\n\n

For institutional clients, the new billing capabilities present multiple potential benefits, including:<\/strong><\/p>\n\n\n\n