PYMNTS

JANUARY 24, 2020

In today’s top news, The Clearing House (TCH) is increasing the value limit for general transactions on the TCH-operated real-time payments (RTP) network, Verizon is working with financial firm Synchrony to put out its own consumer card and the United States is moving to get tough on the sale of counterfeit merchandise through eCommerce.

TCH 52

TCH RTP Online and Mobile Banking Real Time Payments 52

PYMNTS

NOVEMBER 27, 2020

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. One study by TCH observed that 56 percent of checking account holders in the U.S. percent during Q3 2020.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

PYMNTS

JANUARY 20, 2021

API call volume, according to the data, have increased from 66.8 million in 2018 to roughly 6 billion in 2020. Cumulative call volumes have reached more than 7 billion, while open banking payments have risen to more than four million transactions in 2020, up significantly from 320,000 in 2018. million U.K.

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Online and Mobile Banking API 75

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. the other being the Fed.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JUNE 24, 2019

According to an earlier Faster Payments Tracker , it was projected that more than 56 real-time payment rails will be live by 2020. Earlier this month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payments technologies to the community banks. The demand for faster payments is strong in the U.S.,

Real Time Payments 65

Real Time Payments RTP Faster Payments Payments 65

PYMNTS

AUGUST 19, 2019

Venmo is using the JPMorgan connection to the TCH RTP rails to enable the instant account-to-account transfer option. The full transition to what’s next, however, will likely not be completed until 2020. The new service drops the debit card requirement but keeps the 1 percent fee.

Venmo 51

Venmo Zelle P2P Underwriting 51

PYMNTS

SEPTEMBER 30, 2016

SWIFT has its thing, IBM is doing something else and allegedly with The Clearing House and Vocalink (although it’s been crickets from TCH for quite some time). After a lot of quiet hype, 2016 was the year that the volume went up on the India buzz, and now, it’s not just hot, but sizzling. ACI and Vocalink inked a deal.

CFPB 69

CFPB Online and Mobile Banking Bots Same Day ACH 69