Remove ACH Operations Remove Real Time Payments Remove TCH
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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

That faster payments, whether via the Fed or via the TCH’s Real-Time Payments (RTP) network or both, is a big threat to how banks monetize the movement of money between senders and receivers and their depository accounts. TCH is the association of the 25 largest banks in the U.S., A Couple of Important Dots.

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Why FedNow Will Slow Real-Time Payments

PYMNTS

It’s also not why the Fed decided to enter the real-time payments fray. The Real-Time Payday Reality. Direct deposit over the ACH network eliminated that friction and got them earlier access to those funds. TCH cleared its first RTP transaction on November 14, 2017. It’s a pretty bold claim.