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New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

“A lot of what the pandemic did was force our industry to truly be digital, to facilitate frictionless transactions,” TCH Senior Vice President Elena Whisler said in a recent conversation with PYMNTS. “It We've seen a lot of excitement this year with the RTP ® network, and we're very much expecting next year to grow even faster,” she said.

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The Clearing House On The Race for Real-Time Payments In The US

PYMNTS

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Achieving ubiquity across the 12,000 or so FIs in the U.S.

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Mastercard and The Clearing House deepen their partnership to zero in on new instant payments applications 

Tearsheet

Mastercard recently expanded collaboration with The Clearing House (TCH), with the shared goal of propelling the adoption of instant payments. This extended partnership will focus on integrating additional instant payment use cases across a range of payment flows for consumers, businesses, and governments.

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The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

Consumers and businesses do not want to use new payment networks unless they believe others are already using them, creating a chicken-and-egg problem. Consumers and businesses alike tend to cling to established payment methods until frictions or alternative methods’ appeals become significant enough to inspire change.

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Real-Time Payments Move Past Early Adopters

PYMNTS

Ranta said RTP is already past the “early adopter” stage and moving into the “fast follower” phase of its evolution. After all, The Clearing House’s RTP infrastructure is already up and running. And beyond TCH and RTP, the Federal Reserve’s FedNow real-time payments solution looms. consumers).

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P2P Payments Set The Stage For B2B RTP

PYMNTS

The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days. The Clearing House [TCH] launched its own RTP network at the end of 2017.). RTP And RFP.

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TCH’s Waterhouse: Real-Time Payments’ 2021 Focus Is On Smarter, Safer

PYMNTS

According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-Time Payments) network advancements, including instant payroll, merchant settlements and tokenization.