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’s push for real-time payments is led by The Clearing House, which aims for ubiquity of its real-time payments (RTP) network by 2020. The financial institution announced Tuesday (June 18) its collaboration with Finastra to connect corporate clients into the RTP network directly via Finastra’s Fusion Global PAYplus solution.
Businesses are accustomed to turning to their banks for access to payments services, so financial institutions (FIs) that wish to remain competitive need to be able to meet this need. Banks and CUs with the technical know-how may choose to forge direct connections with payment rail providers to get more control over how they use the service.
Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network. demand deposit accounts.
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