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The Clearing House raises RTP transaction limit to $10M

Bank Automation

The Clearing House (TCH) expects to see growth in volume and use cases, Jim Colassano, senior vice president of product development at TCH, told Bank Automation […] The post The Clearing House raises RTP transaction limit to $10M appeared first on Bank Automation News.

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RTP payment volume up 94% in 2024

Bank Automation

TCH moved $246 billion on its network in 2024 and increased transaction volume by 38% YoY to 343 million transactions, according to a Jan. 8 […] The post RTP payment volume up 94% in 2024 appeared first on Bank Automation News.

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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]. The opportunities and implications of rising payment values and volumes In recognition of the systemic importance of high-value payments, the U.S is taking steps to increase transfer limits.

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The Clearing House Sees Growth In Its Real-Time Payments (RTP)

Tom Groenfeldt

In early February The Clearing House (TCH) announced its first $10 million instant payment over the RTP network which had just raised its maximum payment from $1 million to $10 million. The average daily volume on the RTP network has jumped this year, from $909.2 billion in mid-March, said Gregory MacSweeney, spokesman for TCH.

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

PYMNTS

That’s especially true for larger corporates, where large volume, high dollar value transactions have been gaining traction, especially in B2B settings. Kresse, of FIS, echoed that sentiment, stating the company has seen a “massive increase in ACH volumes” for FIs, at a quickening pace.

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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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