PYMNTS

JANUARY 24, 2020

In today’s top news, The Clearing House (TCH) is increasing the value limit for general transactions on the TCH-operated real-time payments (RTP) network, Verizon is working with financial firm Synchrony to put out its own consumer card and the United States is moving to get tough on the sale of counterfeit merchandise through eCommerce.

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TCH RTP Online and Mobile Banking Real Time Payments 52

PYMNTS

NOVEMBER 25, 2020

And beyond TCH and RTP, the Federal Reserve’s FedNow real-time payments solution looms. Instant Paychecks Should Get Consumers Interested. But Ranta added that when it comes to the consumer, the critical use cases that could spur wider adoption aren’t there quite yet. "We consumers). Beyond PayPal And Venmo .

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Real Time Payments RTP FedNow TCH 114

PYMNTS

MARCH 6, 2020

The payments network will allow merchants in the country to receive funds just by having consumers scan QR codes on their cell phones. The use of real-time payment rails could bring benefits to consumer and business transactions, but only if the systems become widely adopted. Designing Real-Time Payment Rails for Ubiquity.

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Real Time Payments TCH Faster Payments Point-of-Sale (POS) 121

PYMNTS

JANUARY 26, 2021

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.

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Real Time Payments RTP RFP TCH 109

PYMNTS

SEPTEMBER 24, 2020

Plus, FIS has partnered with The Clearing House (TCH) on real-time payments (RTP). FIS has teamed with The Clearing House (TCH) to offer immediate settlements to small and mid-sized banks and credit unions (CUs) and their clients. Digital Mortgage Startup Blend Expands Into Consumer Banking. Volante Technologies Inc.

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PYMNTS

MARCH 9, 2020

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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RTP TCH ISO 20022 Real Time Payments 81

Payments Source

OCTOBER 10, 2018

Called Bill Pay Exchange, it will power instant bill pay for consumers from their bank or credit union accounts in a matter of seconds versus days when using the traditional bank bill pay ACH network.

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TCH ACH Network Credit Union ACH 62

PYMNTS

AUGUST 12, 2019

Such as how the Fed plans get a critical mass of participants on board, which The Clearing House (TCH) is struggling to do now. FedNow is positioned as a competitor to the private systems, with TCH as its only real-time domestic account-to-account competitor, but it also competes with cards and ACH. Slowing Innovation.

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Real Time Payments FedNow TCH Fed 78

PYMNTS

NOVEMBER 9, 2020

The consumer with a range of bank and other financial accounts spanning several firms can have all that data collected at a single point of access. That unified view, conceivably, can leverage FinTech services that help end consumers (for example) see how they are managing their budgets, their investments and reach various financial goals.

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Consumer Financial Protection Bureau (CFPB) Accreditation TCH API 114

PYMNTS

MARCH 18, 2019

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.

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Faster Payments Fed RTP Same Day ACH 80

PYMNTS

FEBRUARY 4, 2019

million Australian consumers — more than 5 percent of the population — registered with the service within its first month. . The Federal Reserve’s Faster Payments Task Force established a goal in July 2017 that any consumer or business with a U.S. Payments: Consumer Preferences. Consumer Credit: Rising Usage” report.

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Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

NOVEMBER 3, 2020

The appetite for new payments approaches is only growing, with The Clearing House (TCH) reporting that 400 more FIs have already gained technical access to the RTP network.”. RTP Doing Its Part for a Quicker Recovery. And the market is responding with creativity, innovation … and velocity.

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Real Time Payments RTP Same Day ACH Payer 109

PYMNTS

NOVEMBER 27, 2020

Consumers and businesses alike have long been familiar with digital payments, but both now expect smoother payment experiences as the COVID-19 pandemic’s financial impacts continue. Friction points that once proved to be minor nuisances have become legitimate financial challenges, especially for consumers and smaller businesses.

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Real Time Payments P2P B2B Zelle 106

PYMNTS

NOVEMBER 25, 2020

Slow payments have long frustrated businesses and consumers, forcing the former to readjust their timelines as they await funds and prompting the latter to put off purchases as they watch for transactions to finalize. PYMNTS’ data revealed that many consumers are now seeking real-time access to their funds, with 35.2

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Payroll Real Time Payments P2P Zelle 104

PYMNTS

DECEMBER 29, 2020

Delivering rapid payroll could help employers stand out from the pack when recruiting temporary workers, said Steve Ledford , senior vice president of products and strategy at United States payments company and banking association The Clearing House (TCH), during a PYMNTS interview.

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Faster Payments Payment APIs and Integration Real Time Payments Instant Payments 124

PYMNTS

OCTOBER 16, 2020

It was a busy week for commerce and payments, as consumers are harnessing connected devices for digital-first shopping and firms are looking to harness tools to speed up business-to-business (B2B) disbursements and payments. Consumers’ digital shift means that customer expectations for their card issuers are higher than in the past.

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Instant Payments Card Issuer Online and Mobile Banking Federal Reserve 95

PYMNTS

JANUARY 26, 2021

The Clearing House (TCH) has launched a new offering to make it simpler for data aggregators and financial apps to equip financial institutions (FI) with assessment information to perform its own risk evaluation, according to a Tuesday (Jan. 26) announcement emailed to PYMNTS. Bank, Truist, TD Bank, PNC Bank, J.P.

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Risk Assessment Real Time Payments TCH Assessments 71

PYMNTS

MARCH 11, 2020

In the March 2020 PYMNTS Faster Payments Tracker , the antagonists in this particular drama are the Federal Reserve Board (the Fed) and The Clearing House (TCH), whose ACH wire transfer tech was the industry standard until FinTech interlopers began repurposing payments rails with tons of venture capital. 5 [2019] announcement of FedNow.

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Faster Payments Federal Reserve FedNow RTP 74

Finextra

JANUARY 25, 2024

Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP network.

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Real Time Payments TCH RTP Visa 49

PYMNTS

DECEMBER 17, 2020

The financial institution (FI) said that RTP, developed by The Clearing House (TCH), will deliver to its customers “the most modern payments infrastructure in the world, enabling consumers and businesses to receive payments immediately while also providing for advanced messaging capabilities.”.

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Real Time Payments Credit Union RTP TCH 61

PYMNTS

APRIL 26, 2019

As noted in the Faster Payments Tracker, and to offer up just a few examples: the Federal Reserve is mulling the creation of its real-time payments system; The Clearing House (TCH) has its own real-time system, seeking critical mass among banks and in Australia, the New Payments Platform is logging new use cases. 95 Percent: Share of U.S.

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Faster Payments Same Day ACH TCH Federal Reserve 60

The Fintech Times

JANUARY 19, 2024

More than a quarter of those planning to connect to the Clearing House RTP (TCH RTP) Network expect to do so within the following year. “Once seen as a nice-to-have, 24/7 real-time payment experiences are increasingly a core requirement for consumers and businesses.”

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Faster Payments Payment Networks FedNow TCH 64

PYMNTS

OCTOBER 28, 2019

Consumers want affordable ways to make purchases without taking on additional credit card debt,” said Brendan Coughlin, president of consumer deposits and lending at Citizens Bank. Earlier this year, the bank started using the RTP rail developed by The Clearing House (TCH) to offer its customers faster payments.

Finance 40

Finance Point-of-Sale (POS) Consumer TCH 40

Finextra

JANUARY 24, 2024

Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network.

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Real Time Payments Visa TCH RTP 45

PYMNTS

JANUARY 26, 2021

Being paid instantly is no longer a choice but a necessity for one-third of consumers and microbusinesses that also say they are unlikely to continue a relationship with a business that doesn’t offer it. TCH’s Waterhouse: Real-Time Payments’ 2021 Focus Is On Smarter, Safer.

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PYMNTS

JANUARY 24, 2019

Since The Clearing House (TCH) launched Real-Time Payments (RTP) in 2017, the system has yet to reach ubiquity in the U.S. While consumers wait for sweeping system-wide changes, they still crave speedier services that can streamline the payments they make in their daily lives, and companies like Stack Sports are working to meet that demand.

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Federal Reserve Real Time Payments Faster Payments RTP 67

PYMNTS

AUGUST 6, 2019

Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer an option for consumers and business to transfer money instantly or nearly instantly in a “ubiquitous, safe and efficient” manner from one bank account to another. “We Why Now For FedNow.

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FedNow Fed Federal Reserve Instant Payments 85

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 41

Faster Payments TCH Real Time Payments Payments 41

PYMNTS

DECEMBER 11, 2017

FIS will bridge Fifth Third into The Clearing House’s (TCH) Real-Time Payments (RTP) system to enable real-time transacting for customers. Fifth Third said it will go live on the RTP system in early 2018 and will support business and consumer transactions.

Real Time Payments 40

Real Time Payments RTP TCH Payment APIs and Integration 40

PYMNTS

APRIL 10, 2020

All that is starting to change, especially as more consumers turn to social media to seek support from their insurers, or even air their grievances. “So, The insurance space is keeping a careful eye on mobile developments, especially as consumers begin to rely on social media channels as much as traditional customer service channels.

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Technology Legal Checks B2C 79

PYMNTS

NOVEMBER 15, 2019

As a result, firms that are lagging behind in faster payments investments could miss out on the full opportunities available in the global business-to-consumer (B2C) solutions market. TCH Gives Banks An Open Banking Template.

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TCH Online and Mobile Banking Faster Payments Payments 46

Fintech Finance

MARCH 11, 2024

The agile, resilient, cloud-based payments solution will help Jefferson Bank to efficiently deliver both RTP TCH and FedNow services 24/7, and accommodate the rapidly growing volume of instant payment transactions.

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Instant Payments Payments Strategy FedNow TCH 52

PYMNTS

JANUARY 20, 2021

consumers and businesses use open-banking enabled products to manage their finances and make payments. As reported, the Consumer Financial Protection Bureau (CFPB) is starting the rule-making process that may help determine and standardize what data can be shared, when and between which parties. million U.K.

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Online and Mobile Banking API 75

Fintech Finance

JANUARY 24, 2024

Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network.

Real Time Payments 52

Real Time Payments RTP Visa Instant Payments 52

PYMNTS

DECEMBER 1, 2020

Commerce as conducted by consumers, he said, takes such robust infrastructure for granted. Consumers know that when they swipe their credit cards or conduct PayPal transactions, the infrastructure is likely to hold up just fine. B2B payments have none of those hallmarks, Gupta noted.

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ISO 20022 B2B Payments Wire 71

PYMNTS

JUNE 18, 2019

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.).

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RTP P2P B2B RFP 78

PYMNTS

DECEMBER 20, 2017

Faster payments recently made their American debut, with The Clearing House (TCH) instituting the inaugural transaction on the first new payments and clearing system in the U.S. Security is important, he added, because faster payments appear to be popular among businesses and consumers alike — and that means they’re likely here to stay. “I

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AI Real Time Payments Faster Payments Payments 83