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FedNow overtakes TCH in adoption

Bank Automation

FedNow, launched just eight months ago, has overtaken its main competitor, The Clearing House’s Real-Time Payments network, in terms of the number of banks on the platform.

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

PYMNTS

Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow activity, the coronavirus has foisted a lot of change on the financial services industry in a short amount of time. “A

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Taking Real-Time Payment Rails To The Tipping Point

PYMNTS

Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure.

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Mastercard Certifies TCH As Token Services Provider

PYMNTS

19) that they are partnering to enable The Clearing House (TCH) to provision and manage Mastercard-branded tokens on behalf of banks. TCH said the agreement paves the way for it to offer fully compliant tokens that transact over the Mastercard network. The Clearing House and Mastercard announced news on Thursday (Oct.

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Real-Time Payments Move Past Early Adopters

PYMNTS

And beyond TCH and RTP, the Federal Reserve’s FedNow real-time payments solution looms. But that fragmentation will prove short-lived, as there are some on-ramps and off-ramps because of the central infrastructure provided through systems via TCH and FedNow.”. Ranta said FedNow will create broader competition in the market.

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Different faster pay schemes must collaborate

Payments Source

If the intention is for FedNow to give the market a choice, particularly to smaller, local banks then interoperability between the TCH and FedNow is a must, says FIS' Elena Whisler.

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

PYMNTS

Nearly a year of trial-by-fire, pandemic-era learning within the payments business has not only provided some great lessons but has also set the stage for some major advances in 2021 that have been in the cards for years. To further enhance the RfP, TCH is also piloting a secure document repository for bills and invoices.