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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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Using AI And Machine Learning To Make Payments Faster, Safer

PYMNTS

Faster payments recently made their American debut, with The Clearing House (TCH) instituting the inaugural transaction on the first new payments and clearing system in the U.S. Just as a track star chases faster, better run times, business owners want things — like their payments — to move faster, too, Ward noted.

AI
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Deep Dive: Billing And The Use Of Real-Time Payments

PYMNTS

When The Clearing House (TCH) unveiled the Real-Time Payments (RTP) system in 2017, it propelled swifter payments and brought about the next generation of fund transfers. It wasn’t the first to roll out such a system, but it was the first “major payments upgrade” in the U.S. RTP in the Bill Payments Realm.