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TCH Gives Banks An Open Banking Template

PYMNTS

That’s been a tough line for most FIs to walk, Dave Fortney, executive vice president of product management and strategy at The Clearing House (TCH), told Karen Webster in a recent interview. To help set up the model agreement, Fortney noted that TCH asked some of the largest banks to contribute anonymized versions of their agreements.

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Mastercard and The Clearing House deepen their partnership to zero in on new instant payments applications 

Tearsheet

Mastercard recently expanded collaboration with The Clearing House (TCH), with the shared goal of propelling the adoption of instant payments. This extended partnership will focus on integrating additional instant payment use cases across a range of payment flows for consumers, businesses, and governments.

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How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

There need to be governance models. The vision has always been a traditional currency with the liability of a central bank that could run on the public internet and underpinned by blockchain. The real innovation cycle is where you layer on the program ability of money as a data type on the internet,” noted Allaire.

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TCH Releases Business Principles, Adds Seats To RTP Committee

PYMNTS

The Clearing House (TCH), which operates the RTP Business Committee, has added four seats to the committee to incorporate community bank and credit union representation, and also released a set of business principles to outline the RTP’s work. The RTP network was built for financial institutions of all sizes throughout the U.S.

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Top News In Payments: TCH Increases RTP Threshold; Verizon Teams With Synchrony For Card

PYMNTS

In today’s top news, The Clearing House (TCH) is increasing the value limit for general transactions on the TCH-operated real-time payments (RTP) network, Verizon is working with financial firm Synchrony to put out its own consumer card and the United States is moving to get tough on the sale of counterfeit merchandise through eCommerce.

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BPI and TCH wade into Corner Post litigation

Finextra

Corner Post, a North Dakota truck stop, is challenging the Federal Reserve’s 2011 rules governing debit interchange revenue established pursuant to the “Durbin Amendment” in the Dodd-Frank Act. The Bank Policy Institute (BPI) and The Clearing House Association filed a motion to intervene today in Corner Post, Inc.

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The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

Payment scheme providers must consider how to encourage adoption, especially if operating in countries lacking a government mandate for financial institutions (FIs) to sign on. Banking association and payments company The Clearing House (TCH) has been confronting such concerns as it advances its real-time payment ( RTP ) offering in the U.S.,

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