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Real-Time Payments Are Soaring In The U.S.

Tom Groenfeldt

was slow getting to real-time payments , but the businesses and individuals are taking them up in a big way, using primarily the private sector RTP rails from The Clearing House (TCH). The number of real-time payments and their size of the payments has risen sharply in the last quarter. getty The U.S.

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

PYMNTS

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. is actually a two-step process: connecting the core banking systems of these FIs to the TCH network, and then getting the banks to make it a part of their service offering.

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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.