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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S. TCH is the association of the 25 largest banks in the U.S., On its website, TCH also says RTP is the system that “all federally insured U.S.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

when the vast majority of banks have resisted throwing their support behind TCH, which has been trying for the last several years to get its real-time payments alternative off the ground. A payment is the embodiment of good funds to an authenticated buyer and supplier, along with the detailed data that travels with it.