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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

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., On its website, TCH also says RTP is the system that “all federally insured U.S.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

And at a time when the prevailing opinion has become that, more or less, the only way to get faster payments done is for the regulators to make banks do it. when the vast majority of banks have resisted throwing their support behind TCH, which has been trying for the last several years to get its real-time payments alternative off the ground.