If you have ever participated in a real-estate transaction, either as a buyer or seller, you quickly realize that real estate doesn’t move as quickly as other transactions in today’s economy. This applies to payments as well, which typically still happen by check (most common), wire transfer or ACH payment. All three of these payment types can cause confusion, delays or errors in a real estate deal. To solve some of these payment problems, EMTranfer and KeyBank are brining real-time payments over the RTP® network to the real-estate market so customers, agents, attorneys and almost anyone who gets paid during a mortgage closing can have confirmed, immediate funds without having to worry about last minute checks or ACH payments that won’t settle until the next day.

About Our Guests
Ricky Booth is a Senior Manager of Real Time Payments at KeyBank, and Bob Beams is the CEO of EMTransfer.

Payments Nerds is brought to you by The Clearing House, hosted by Greg MacSweeney, and produced by Earfluence.