PYMNTS

MARCH 18, 2019

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. TCH is the association of the 25 largest banks in the U.S., A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

AUGUST 12, 2019

Same-Day ACH , launched in September of 2017, makes emergency payroll possible — not instantly, but within the same business day. Such as how the Fed plans get a critical mass of participants on board, which The Clearing House (TCH) is struggling to do now. Slowing Innovation.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

PYMNTS

FEBRUARY 4, 2019

Consumers may find it easy to pull out cards, but this system doesn’t work as well for retailers, who must wait one to three days for those payments to process. . Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. Faster Rails. The Federal Approach.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. FIN members include Amazon , Apple , Google , Intuit , PayPal , Stripe and Square. It also comes at a time in the U.S.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

JANUARY 7, 2020

PYMNTS CEO Karen Webster wrote about the issues this created within the industry: “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.

Payroll 52

Payroll Same Day ACH Fed RTP 52

PYMNTS

JUNE 24, 2019

Earlier this month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payments technologies to the community banks. According to the organization, the RTP network currently reaches over 50 percent of U.S. transaction accounts. Adoption depends greatly on partnerships to make RTP more accessible.

Real Time Payments 65

Real Time Payments RTP Faster Payments Payments 65

PYMNTS

SEPTEMBER 30, 2016

SWIFT has its thing, IBM is doing something else and allegedly with The Clearing House and Vocalink (although it’s been crickets from TCH for quite some time). Speaking of the networks, there’s Mastercard and Vocalink, not to mention Visa Direct and its work with PayPal, Fiserv and Square. ACI and Vocalink inked a deal.

CFPB 69

CFPB Online and Mobile Banking Bots Same Day ACH 69