Finextra

JUNE 9, 2025

FedNow is also reporting significant growth, with more than 1.3 Similarly, a record 98 million transactions were made through The Clearing House (TCH-RTP) network in Q4 2024 [3]. Nacha’s Smarter Faster Payments conference highlighted the progress that is now being made to expand use-cases and benefits.

ISO 20022

Tearsheet

FEBRUARY 16, 2024

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.

Instant Payments

PYMNTS

AUGUST 12, 2019

That’s the talk track now from the Fed , which a week ago today announced its plans to build and operate a new set of real-time rails, using accelerated access to employer paychecks as its launch use case. Ironically, perhaps, the ACH network’s first direct deposit use case was the U.S. Much later.

Real Time Payments

PYMNTS

NOVEMBER 25, 2020

And beyond TCH and RTP, the Federal Reserve’s FedNow real-time payments solution looms. Ranta said FedNow will create broader competition in the market. 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

Real Time Payments

PYMNTS

AUGUST 10, 2020

Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. Waterhouse said that in terms of TCH’s own initiatives in getting banks on board the ongoing effort to make RTP ubiquitous across the entirety of the U.S. Expanding The Use Cases.

Real Time Payments

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. “The Why Now For FedNow.

FedNow

PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. He noted there has been additional input from the FedNow Community of 700 members.

Instant Payments