PYMNTS

APRIL 29, 2019

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. Privately-owned companies are also looking to solve the cross-border payments problem.

ISO 20022 77

ISO 20022 Interoperability Instant Payments Cross-Border 77

PYMNTS

OCTOBER 15, 2020

But the faster payment systems are showing advantages, too, he said. All of these new instant payments systems around the world are being built on the ISO 2002 standard,” said Waterhouse. So these traditional operating hours of payment networks are no longer relevant when people are in that 24/7 operating model.

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

PYMNTS

APRIL 20, 2018

SwapsTech has completed the development of its faster payments solution to help financial institutions link into real-time payment capabilities. The company announced news on Thursday (April 19) that its Payment Galaxy tool is one step closer to being available for banks.

Real Time Payments 40

Real Time Payments TCH RTP FedWire 40

PYMNTS

DECEMBER 4, 2019

Not only does that figure represent the growing demand among businesses for faster, more agile and more transparent ways to move funds across borders, it also reflects the financial services industry’s willingness to embrace something other than legacy payment networks to facilitate that demand.

B2B 52

B2B RTP Cross-Border FPC 52

PYMNTS

DECEMBER 3, 2019

The Corporate America Credit Union (CACU), which serves almost 500 credit unions (CUs) around the world, has become a funding agent for the RTP network, The Clearing House ’s (TCH) real-time payments network, according to a release.

Funding Agent 52

Funding Agent Credit Union RTP Real Time Payments 52

PYMNTS

AUGUST 6, 2019

The announcement was long anticipated — arguably since the Fed launched its 500-person Faster Payments Task Force in 2015 and announced its intention to take a seat at the table in an industry-wide conversation about how faster payments would evolve in the U.S. Brainard asked. Why Now For FedNow.

FedNow 85

FedNow Fed Federal Reserve Instant Payments 85

PYMNTS

FEBRUARY 8, 2018

to Singapore have long been home to real-time payment schemes, but speed lagged behind when it came to America. It wasn’t until November 2017 that The Clearing House (TCH) debuted its Real-Time Payments (RTP) scheme — a system that isn’t expected to see across-the-board adoption until 2020. The faster payments promise.

RTP 43

RTP Real Time Payments TCH Faster Payments 43

PYMNTS

NOVEMBER 25, 2020

Real-time payments are picking up steam around the globe, with one recent report finding that 56 countries have real-time payment networks set up within their markets. The partnership will help Visa expand its Visa Direct network-enabled solution to consumers in 32 European markets, the company said.

Payroll 104

Payroll Real Time Payments P2P Zelle 104

PYMNTS

JANUARY 11, 2021

While other [payment networks] were extremely prescriptive of what the experience was going to feel like, TCH was almost the antithesis of that. “The entirety of the platform we offer for RTP is all API-driven,” Honigberg told PYMNTS. When we were building [into] RTP specifically, we knew there was such lack of definition.

RTP 67

RTP Real Time Payments Payment APIs and Integration B2B 67

PYMNTS

DECEMBER 20, 2017

While more speed may mean more endorsement money for athletes, it means faster settlements and more efficient business for commercial banking customers. Faster payments recently made their American debut, with The Clearing House (TCH) instituting the inaugural transaction on the first new payments and clearing system in the U.S.

AI 83

AI Real Time Payments Faster Payments Payments 83

PYMNTS

DECEMBER 30, 2020

“Another bank is probably going to end up using a [third party like] FIS or Fiserv or Jack Henry … and will have to ride through their rails to get access to the network,” he said. “In While other [payment networks] were extremely prescriptive of what the experience was going to feel like, TCH was almost the antithesis of that.

RTP 64

RTP Payment APIs and Integration Instant Payments TCH 64

PYMNTS

DECEMBER 17, 2019

European banks must comply with regulations such as the revised Payment Services Directive (PSD2), which mandates that they share data with newer FinTechs. FIs around the globe are also grappling with faster.

Technology 56

Technology Data Breach Breach TCH 56

PYMNTS

APRIL 10, 2020

Institutions such as The Clearing House (TCH) and the Federal Reserve have also created payment networks that have made faster, digital payments a reality for business-to-business (B2B) and business-to-consumer (B2C) payment processes alike.

Technology 79

Technology Legal Checks B2C 79

Fintech Labs Insights

APRIL 10, 2017

Icon’s Instant Payments Framework (IPF) is a light-weight software product that enables organizations to process instant payments. IPF comes with a reference implementation for each scheme, for example Faster Payments, SCT inst and TCH. Finovate: Tell us about your favorite implementation of your solution.

Instant Payments 16

Instant Payments Payments TCH Use Case 16

PYMNTS

NOVEMBER 18, 2019

The roll-out of capabilities for consumers to send payments via the RTP network is expected to be completed early in 2020. The RTP network was developed by The Clearing House (TCH) and HSBC has been working with it and other banks to modernize the U.S. payments industry. depository institution on the RTP network.

Real Time Payments 40

Real Time Payments RTP TCH Cash Management 40

PYMNTS

JANUARY 23, 2020

Instant payments started 2020 on a high note, however, with the adoption of real-time payments and other speedy disbursement methods increasing over the past few years. More than 42 percent of consumers received at least one instant payment in 2019, but such disbursements have a way to go before they are as common as many would like.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

AUGUST 12, 2019

Such as how the Fed plans get a critical mass of participants on board, which The Clearing House (TCH) is struggling to do now. Igniting a network at scale and right out of the box can be a real pain, as the litany of failed payments startups knows all too well. TCH cleared its first RTP transaction on November 14, 2017.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

PYMNTS

MARCH 11, 2020

It’s the Feds versus the Free Marketeers, and the feud between them is over whose real-time payments (RTP) rails will rule them all. Federal Reserve is hardly alone in envisioning a national fast payments/rapid settlements system. In fact, TCH plans to use the FedNow Service too. “We was sold as “the information superhighway.”.

Faster Payments 74

Faster Payments Federal Reserve FedNow RTP 74