PYMNTS

MAY 5, 2016

When The Clearing House (TCH), the payments firm owned by commercial banks, along with global software and services provider FIS, recently submitted their proposal to the Fed’s Faster Payments Task Force in order to evaluate their real-time payments system proposal, it signified a milestone along the path toward real-time payments.

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Faster Payments TCH Real Time Payments Payments 41

PYMNTS

MAY 4, 2016

There are a lot of non-payment messaging capabilities that we think will provide tremendous opportunity for innovation.”. TCH recognizes that having access to 10,000+ banks is different than having connectivity to 10,000 banks. And the “delivering value” piece is not to be underestimated in the pursuit of ubiquity.

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Faster Payments Same Day ACH NACHA ACH 40

PYMNTS

JULY 28, 2016

She explained that the work NACHA has done with the utilization of ISO 20022 has nothing to do with the actual speed of the payments themselves. ISO 20022 Stakeholder Group, which includes the Fed, X9 and TCH, is aimed at exploring how valuable the standard can be for various payment types in the U.S.

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ISO 20022 ISOs NACHA ACH 40