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Cross River, a company that provides banking services for technology companies, will join The Clearing House’s (TCH) RTP network, according to a release. Aiming to simplify the FinTech ecosphere for its clients, Cross River has built a “plumbing” system on top of traditional payment systems. “The
This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. TCH is the association of the 25 largest banks in the U.S., the other being the Fed.
When The Clearing House (TCH) unveiled the Real-Time Payments (RTP) system in 2017, it propelled swifter payments and brought about the next generation of fund transfers. RTP in the Bill Payments Realm. These struggles make the capabilities of RTP — especially its “request to pay” options — even more compelling.
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