PYMNTS

OCTOBER 15, 2020

ACH might be among the most readily visible paper check killers — and as Nacha’s Larimer noted, “we need more than just ACH to make huge inroads [against checks]. Real time and the ACH network can actually work together to displace paper checks.”

Real Time Payments

PYMNTS

AUGUST 12, 2019

It’s also not why the Fed decided to enter the real-time payments fray. The Real-Time Payday Reality. Direct deposit over the ACH network eliminated that friction and got them earlier access to those funds. TCH cleared its first RTP transaction on November 14, 2017. Slowing Innovation.

Real Time Payments

PYMNTS

MARCH 18, 2019

That faster payments, whether via the Fed or via the TCH’s Real-Time Payments (RTP) network or both, is a big threat to how banks monetize the movement of money between senders and receivers and their depository accounts. TCH is the association of the 25 largest banks in the U.S.,

Faster Payments

PYMNTS

MAY 5, 2016

When The Clearing House (TCH), the payments firm owned by commercial banks, along with global software and services provider FIS, recently submitted their proposal to the Fed’s Faster Payments Task Force in order to evaluate their real-time payments system proposal, it signified a milestone along the path toward real-time payments.

Faster Payments

PYMNTS

JULY 28, 2016

In order to truly grasp what ISO 20022 is, it may help to start with what it’s not, especially when its increase in popularity these days has been as a result of the conversations taking place around real-time payments. and globally, understand the current capabilities of the ACH network in the U.S.

ISO 20022

PYMNTS

MAY 4, 2016

Here’s a sneak peek: The ultimate goal, Waterhouse said, is ubiquity – namely, to make real-time payments mainstream. “We We clearly understand and recognize that, for this to work, it’s got to be ubiquitous like an ACH or check is,” Waterhouse said.

Faster Payments