PYMNTS

MARCH 9, 2020

Banking association and payments company The Clearing House (TCH) has been confronting such concerns as it advances its real-time payment ( RTP ) offering in the U.S., The federal government deliberated in 2018 and 2019 over developing its own real-time payment system, FedNow , to compete with RTP. Proving Value.

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

PYMNTS

JULY 2, 2019

Real-time payments (RTP) is a global initiative that’s been a decade in the making and counting, one that has gained momentum over the last several years. In a new PYMNTS interview, Paul Stoddart, president of new payment platforms at Mastercard , spoke with Karen Webster about where real-time payments stand at this mid-point of 2019.

RTP 68

RTP Real Time Payments Visa ISO 20022 68

PYMNTS

AUGUST 16, 2019

The global average cost of sending money cross-border remains high, at around 7 percent in the first quarter of 2019. Last month, SWIFT released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. and Australia’s NPP.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

OCTOBER 12, 2020

As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function). Looking Toward Interoperability And Scale . The Timeframe .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

MARCH 11, 2020

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. Public vs. Private RTP. The number of banks and credit unions in our pipeline to implement the RTP network actually went up five-fold since the Aug. 5 [2019] announcement of FedNow.

Faster Payments 74

Faster Payments Federal Reserve FedNow RTP 74

PYMNTS

AUGUST 13, 2019

The much-awaited decision dismayed large banks that regard a government-run system as unnecessary competition with their own real-time rail, The Clearing House’s Real Time Payments (RTP). million transactions between August 2017 and July 1, 2019, and is expected to become available to nearly all Latvian credit institution customers by 2020.

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

JANUARY 25, 2019

Some financial institutions (FIs) are seeking to help their corporate clients tap into real-time payments (RTP) to keep up the pace. . “We Citizens plans to provide greater payments speed to its clients this year by using the RTP rail developed by The Clearing House (TCH). However, the current payments environment in the U.S.

Real Time Payments 67

Real Time Payments Federal Reserve RTP TCH 67