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TCH Releases Business Principles, Adds Seats To RTP Committee

PYMNTS

The Clearing House (TCH), which operates the RTP Business Committee, has added four seats to the committee to incorporate community bank and credit union representation, and also released a set of business principles to outline the RTP’s work. The RTP network was built for financial institutions of all sizes throughout the U.S.

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The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

Payment scheme providers must consider how to encourage adoption, especially if operating in countries lacking a government mandate for financial institutions (FIs) to sign on. 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.,

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The Challenges And Benefits Of ISO 20022 Migration

PYMNTS

High-value payment systems operated by the U.S. Federal Reserve and TCH, Europe’s Eurosystem and EBA CLEARING and the U.K.’s SWIFT’s decision to replace its existing cross-border payment messaging service with ISO 20022 represents another significant push in that direction — one that could have ripple effects.

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Collaborations Bringing Faster Payments Up To Speed

PYMNTS

There are a lot of non-payment messaging capabilities that we think will provide tremendous opportunity for innovation.”. TCH recognizes that having access to 10,000+ banks is different than having connectivity to 10,000 banks. And the “delivering value” piece is not to be underestimated in the pursuit of ubiquity.

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NEW REPORT: Minding Faster Payments Global Gaps

PYMNTS

banks are putting their payment tools into overdrive. First, BNY Mellon recently announced that it became the first bank to enable Request for Payment messages using The Clearing House’s (TCH) Real-Time Payments (RTP) network. Several U.S.

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Clearing Up The Case For ISO 20022

PYMNTS

She explained that the work NACHA has done with the utilization of ISO 20022 has nothing to do with the actual speed of the payments themselves. ISO 20022 Stakeholder Group, which includes the Fed, X9 and TCH, is aimed at exploring how valuable the standard can be for various payment types in the U.S.