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Many countries around the world are rolling out instantpayments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. A London-based manufacturer can’t rely on the U.K.’s Current Efforts .
“We might be at a tipping point in the market, [in which] the market just demands faster payments,” said Matt Richardson, head of product solutions at Citizens Bank. . Citizens plans to provide greater payments speed to its clients this year by using the RTP rail developed by The Clearing House (TCH). as an example.
Icon Solutions , which provides FIs with technology and consulting to help get their real-time payments capabilities up and running, recently announced that it is working with The Clearing House (TCH), offering TCH its InstantPayments Framework. For instance, in the U.K.
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