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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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RTP, Blockchain Make Inroads Within Corporations

PYMNTS

“Once a financial institution is ready to connect to the RTP network, there is a very good chance, a 70 percent chance, that they have an already proven path through one of the many banking technology providers who have connected to the network partnered with TCH.”. First Horizon Mixes Rails for Faster Treasury Payments.

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FIS Links Fifth Third Clients To Real-Time Payments

PYMNTS

FIS will bridge Fifth Third into The Clearing House’s (TCH) Real-Time Payments (RTP) system to enable real-time transacting for customers. We are excited to be working with TCH and our banking clients to realize benefits of this breakthrough new system.”. “As Christopher Ward, in a statement earlier this month.

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Deep Dive: How The Pandemic Is Giving Treasurers An Instant Payments Jolt

PYMNTS

Interest in the Real-Time Payments (RTP) system from The Clearing House (TCH) is growing in the U.S., Firms eager to implement instant payments may find themselves hamstrung by their paper check reliance, however, putting the impetus on their banking and treasury partners to support such a shift.

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The Challenges And Benefits Of ISO 20022 Migration

PYMNTS

Federal Reserve and TCH, Europe’s Eurosystem and EBA CLEARING and the U.K.’s Treasury management software provider TreasuryXpress released an API in 2017 that uses ISO 20022 to convert system data in a treasury management and enterprise resource planning platform into payments to prove compatibility. .

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Banks’ Uncertain Real-Time Payments Strategy Brings Challenges To FinTech Firms

PYMNTS

Developed by The Clearing House (TCH), Real-Time Payments (RTP) is a new payment rail that supports near-instant transmission of funds and information. While larger FIs plan to adopt RTP capabilities for corporates, that leaves thousands of credit unions and smaller banks across the U.S. that may be struggling to integrate RTP capabilities.