Finextra

JUNE 9, 2025

million transactions settled in the same period [2]. Similarly, a record 98 million transactions were made through The Clearing House (TCH-RTP) network in Q4 2024 [3]. TCH went live with this change in February, enabling real-time payments up to the value of $10 million. is taking steps to increase transfer limits.

ISO 20022 52

ISO 20022 ISOs FedNow TCH 52

PYMNTS

NOVEMBER 3, 2020

The payments ecosystem now prizes quickness above all things in a time of cash flow shortages, where each paper check takes an eternity — assuming it arrives at all. Clearly, paper checks aren’t cutting it anymore. To paraphrase the movie “Top Gun” … “We feel the need … the need for speed.” We’ve evolved.

Real Time Payments 109

Real Time Payments RTP Same Day ACH Payer 109

PYMNTS

AUGUST 12, 2019

Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network. For most people, it has been a long time since they received a paper check that had to be deposited at the bank.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

PYMNTS

MARCH 18, 2019

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. TCH is the association of the 25 largest banks in the U.S., and one of two operators of the ACH network in the U.S., A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

FEBRUARY 4, 2019

Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. PYMNTS found that 59 percent of corporates plan to boost their use of the service, while 40 percent aim to rely more on SDA credits instead of paper checks. The Federal Approach.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

MAY 4, 2016

Challenges and solutions continue to emerge surrounding NACHA’s recent move toward establishing Same Day ACH payments, which are due to arrive as soon as September 2016. Companies said they were also interested in how ACH might impact expedited bill pay, person-to person functionality, and payment options.

Faster Payments 40

Faster Payments Same Day ACH NACHA ACH 40

PYMNTS

JUNE 18, 2019

It’s a well-known fact, too, that corporate payments (the B2B kind) are ripe for digitization, and for a wholesale move away from the paper chase, where checks are still stubbornly tied to 50 percent of corporate transactions. The Clearing House [TCH] launched its own RTP network at the end of 2017.). RTP And RFP.

RTP 78

RTP P2P B2B RFP 78