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The Corporate America Credit Union (CACU), which serves almost 500 credit unions (CUs) around the world, has become a fundingagent for the RTP network, The Clearing House ’s (TCH) real-timepayments network, according to a release.
As she noted, “We're also starting to see greater popularity in [the] use of fundingagents,” which are financial institution participants that help RTP participants manage their funding requirements. So Much More Than Payments. when businesses or consumers need to deliver or receive goods, she said.
12) announcement from the Vermont-based financial institution (FI), which noted that Atlantic Community Bankers Bank (ACBB) will offer fundingagent functions. Wells River Savings Bank will gain access to the RTP® network built by The Clearing House (TCH) via SHAZAM, Inc. according to a Tuesday (Jan.
State-chartered financial institution Bankers’ Bank , which focused on providing correspondent banking solutions to community banks, recently announced it would become a fundingagent for institutions that want to offer real-timepayments via The Clearing House ’s RTP service.
Reports in The Japan News said that MUFG and Recruit are collaborating on a possible digital currency with the potential to facilitate B2B payments, and with plans to launch their joint venture in the first half of next year. Credit Unions Embrace RTP.
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