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TCH Ups Limit For General Transactions To $100K

PYMNTS

The Clearing House (TCH) is upping the value limit for transactions from the current level of $25,000 to $100,000 starting Feb. 1, TCH announced on Thursday (Jan. The new higher limit affects general transactions on the real-time payments (RTP) network, which is operated by TCH. Bank and Wells Fargo. More than half of U.S.

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New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

A lot of what the pandemic did was force our industry to truly be digital, to facilitate frictionless transactions,” TCH Senior Vice President Elena Whisler said in a recent conversation with PYMNTS. “It To facilitate this transition in handling 24/7 cash flow, Whisler said TCH offers services such as intraday reconciliation.

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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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How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

As a rule of thumb, he said, on-ramps and off-ramps need to be monitored and controlled to make sure networks are safe. He noted that at SWIFT, “We’ve looked at the use of blockchain for things like corporate actions and tying into some of the evolving trade finance systems that are cropping up all around the world.”

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Why the U.S. has reached a real-time tipping point

Finextra

Similarly, a record 98 million transactions were made through The Clearing House (TCH-RTP) network in Q4 2024 [3]. TCH went live with this change in February, enabling real-time payments up to the value of $10 million. FedNow is also reporting significant growth, with more than 1.3 million transactions settled in the same period [2].

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BPI and TCH wade into Corner Post litigation

Finextra

Corner Post, a North Dakota truck stop, is challenging the Federal Reserve’s 2011 rules governing debit interchange revenue established pursuant to the “Durbin Amendment” in the Dodd-Frank Act. The Bank Policy Institute (BPI) and The Clearing House Association filed a motion to intervene today in Corner Post, Inc.

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Faster Payment Becomes A Federal Case

PYMNTS

It’s the Feds versus the Free Marketeers, and the feud between them is over whose real-time payments (RTP) rails will rule them all. In fact, TCH plans to use the FedNow Service too. “We The number of banks and credit unions in our pipeline to implement the RTP network actually went up five-fold since the Aug.