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

PYMNTS

You’d be forgiven for thinking that faster payments might be the purview of the U.S. Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. Real time is getting ever closer to prime time. But it might not be the Federal Reserve ’s doing.

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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 It also pushed our industry to think about ways to provide faster availability of funds to people and businesses in need.”.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Take two announcements from just last week, related to the evolution of faster payments in the U.S. 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. Then came PayPal’s debut of Instant Transfer to Bank.

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RTP, Blockchain Make Inroads Within Corporations

PYMNTS

PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. RTP Expands Across FI Base. are increasingly linking into the real-time payments infrastructure of the RTP network, according to a new survey by The Clearing House.

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The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

Banking association and payments company The Clearing House (TCH) has been confronting such concerns as it advances its real-time payment ( RTP ) offering in the U.S., according to Steve Ledford, TCH’s senior vice president of Product Strategy and Development. That [arrangement] was never going to fly in the U.S.”.

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Control Vs. Convenience Shapes Debate As FIs Adopt Faster Payments

PYMNTS

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 Payment Becomes A Federal Case

PYMNTS

It’s the Feds versus the Free Marketeers, and the feud between them is over whose real-time payments (RTP) rails will rule them all. Public vs. Private RTP. Federal Reserve is hardly alone in envisioning a national fast payments/rapid settlements system. In fact, TCH plans to use the FedNow Service too. “We