28 October 2020

HSBC US Global Liquidity and Cash Management Enhances Real-Time Payments Capabilities

HSBC, the #3 sender of payments on the RTP® network by transaction volume , has increased the maximum transaction limit for clients using its Global Liquidity and Cash Management’s (GLCM) real-time payments capability to $100,000 per transaction.

Through its real-time payments capabilities, HSBC provides clients with the ability to immediately send and receive funds from accounts at the more than 50 financial institutions connected to the RTP® network, the real-time payment system in the United States provided by The Clearing House – 24 hours a day, seven days a week, 365 days a year – delivering real-time access to funds within seconds.

“In today’s tough economic and unpredictable environment, we have seen more businesses looking for innovative payment solutions to manage their cash flow,” said Drew Douglas, Head of Liquidity & Cash Management, US and Canada. “It is more important than ever for corporations to have the ability to immediately transfer funds, execute timely payroll transactions, or expedite payments to time-sensitive vendors, even outside of standard business hours. Our real-time payments capability offers clients immediate delivery of funds, 24 hours a day, seven days a week, every day of the year.”

Additional benefits of the enhanced real-time payments capability include:

  • Receive payment confirmation, in real time
  • Instant funds availability 24/7/365, improving cash management
  • Faster settlement: funds are posted to the beneficiary's account within seconds
  • Full payment value transferred to the beneficiary without deductions

HSBC’s Global Liquidity and Cash Management business offers cash management products across payables, receivables, clearing and foreign currency, liquidity, liability and investments, and corporate credit cards, to help our client treasuries be as efficient and effective as possible.

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through retail banking and wealth management, commercial banking, private banking, and global banking and markets segments. It operates bank branches in: California; Washington, D.C.; Florida; Maryland; New Jersey; New York; Pennsylvania; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a Member of FDIC. Investment and brokerage services are provided through HSBC Securities (USA) Inc., (Member NYSE/FINRA/SIPC) and insurance products are provided through HSBC Insurance Agency (USA) Inc.

HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,918bn at 31 March 2020, HSBC is one of the world’s largest banking and financial services organizations.