ACH Network TCH Ubiquitous 
PYMNTS
OCTOBER 15, 2020
ACH might be among the most readily visible paper check killers — and as Nacha’s Larimer noted, “we need more than just ACH to make huge inroads [against checks]. Real time and the ACH network can actually work together to displace paper checks.” ACH, she said, has been growing by double-digit percentage points annually.
PYMNTS
MARCH 18, 2019
Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S. TCH is the association of the 25 largest banks in the U.S., and one of two operators of the ACH network in the U.S., the other being the Fed.
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.
PYMNTS
MAY 4, 2016
We clearly understand and recognize that, for this to work, it’s got to be ubiquitous like an ACH or check is,” Waterhouse said. 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.
PYMNTS
AUGUST 12, 2019
Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network. Direct deposit over the ACH network eliminated that friction and got them earlier access to those funds.
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