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

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In other cases, stimulus payments were commingled with tax refunds, and were subject to garnishment. 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. Achieving ubiquity across the 12,000 or so FIs in the U.S. What’s Next.

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Faster Payments: Does The Fed Have A Hidden Agenda?

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Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S. TCH is the association of the 25 largest banks in the U.S., On its website, TCH also says RTP is the system that “all federally insured U.S.