Fintech Finance

JANUARY 24, 2024

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.

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Real Time Payments RTP Visa Instant Payments 52

PYMNTS

JANUARY 8, 2021

In short, the global pandemic has ushered in rising usage — and use cases — for TCH’s RTP ® network, and Whisler doesn’t see that slowing down anytime soon. We've seen a lot of excitement this year with the RTP ® network, and we're very much expecting next year to grow even faster,” she said. Becoming A 24/7 RTP Shop.

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RTP TCH Funding Agent Continuing Education 139

Faster Payments Council

AUGUST 23, 2024

This session will provide a comprehensive analysis of key industry metrics, highlight opportunities for innovation, and offer strategic guidance to navigate the evolving landscape of payments. It's time to confront the harsh reality—innovation alone doesn't drive broad adoption.

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FPC ISO 20022 Federal Reserve Instant Payments 167

PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. The silver lining for us has been Jack Henry,” Waterhouse told Webster.

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Real Time Payments RTP TCH Federal Reserve 138

Fintech Finance

APRIL 12, 2024

This landmark accreditation positions Finzly at the forefront of innovation, enabling financial institutions to transition to the next generation of payment processing. In addition to Fedwire, Finzly’s ISO 20022 native platform encompasses all other domestic payment rails, including FedNow, RTP, and ACH.

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ISO 20022 FedWire ISOs Fed 78

PYMNTS

DECEMBER 12, 2019

There are some really strong use cases [of real-time payments] that could address inefficiencies in government payments, if you look at it from a perspective of what the government could get done in areas like tax payments and disbursements like social security,” said Killam. “You What’s especially noteworthy in the current U.S.

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RTP Real Time Payments Faster Payments Cross-Border 72

PYMNTS

JUNE 23, 2020

The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. PYMNTS explores these stories and others in this week’s Payment Rail Innovation Tracker. RTP Gains Community Bank Traction.

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Federal Reserve RTP Payment APIs and Integration Fed 106

Fintech Finance

JULY 24, 2024

With experience and focus on innovative payment services across Real-Time Payments (RTP® and FedNow®), ACH, card solutions and alternative payment rails, Carl is well-positioned to support the FPC’s continued growth and innovation in faster payments.

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Faster Payments FPC FedNow RTP 97

PYMNTS

JANUARY 26, 2021

According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-Time Payments) network advancements, including instant payroll, merchant settlements and tokenization.

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Real Time Payments RTP RFP TCH 109

PYMNTS

MARCH 17, 2020

Drilling down a bit, Caldeira said that the speeds of money transfers themselves are increasing across any number of use cases and verticals, and crossing borders with growing frequency. The Challenges Of Multi-Channel Payment Innovation. With global reach, Caldeira said, comes the need to scale globally, too.

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Cross-Border Innovation Payment APIs and Integration Cross-Border Payments 91

FICO

APRIL 20, 2023

According to FICO’s latest survey of consumers from 14 countries around the globe, 90% of all consumers have sent a real-time payment, and at least 95% of consumers have used real-time payments in India , Indonesia , the Philippines , and Brazil. Throughout the countries we surveyed, RTP usage shows no signs of slowing.

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Real Time Payments Scams RTP Payments 52

PYMNTS

NOVEMBER 30, 2020

Now, the major real-time payments (RTP) players are ready to push the button on real-time, all the time, redefining fast money and revolutionizing multiple aspects of the commercial biome. RTP Use Cases Growing Faster. Use cases for real-time are growing as more players enter the space. With over 150 U.S.

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Real Time Payments RTP Payroll P2P 68

Finovate

APRIL 4, 2024

Account Galaxy offers two main use cases to facilitate BaaS functionality: advanced payment processing and flexible accounting capabilities. “Providing tools to empower banks of all sizes to participate in this emerging industry will lead to greater innovation and ultimately better services for all.”

Accounts 52

Accounts Non-Bank FedWire Payment APIs and Integration 52

PYMNTS

OCTOBER 15, 2020

Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a use case “that’s going to tip the scale here.” But he pointed to a use case that might be a bit under the radar. So that is certainly an aspiration.

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Real Time Payments NACHA SWIFT TCH 125

PYMNTS

JULY 3, 2019

In the Real-Time Payments Innovation Playbook , done in partnership between PYMNTS and Mastercard , financial decision-makers from nearly 400 firms across a dozen industries laid out a number of priorities for making their payment processes more efficient. As much as 35 percent plan to reduce reliance on paper checks in the next few years.

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B2B Visa RTP Real Time Payments 62

PYMNTS

DECEMBER 31, 2020

A separate survey found that 92 percent of bank and credit union (CU) respondents expected that implementing the RTP network would “benefit” corporate clients , for example. They might focus on use cases serving whichever customer base is larger or provides most of their revenue, for example.

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RTP Real Time Payments Faster Payments Third-Party Service Provider 67

Faster Payments Council

MARCH 15, 2023

With the system joining the existing RTP system, both promising to modernize the way money moves and allow for greater use of instant payments, it seems the shift to real-time payments is 'inevitable'. FedNow may not interoperate with RTP, and it doesn't seem to be a priority for either. What are your options?

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FPC ISO 20022 Cross-Border Payments Cross-Border 88

FICO

APRIL 26, 2023

Because of the incredible growth of both RTP and scams (which is a topic I’ll address in depth in an upcoming FICO World 2023 panel discussion), banks must consider how this payments evolution is impacting customers. Are Banks Fair with Victims of Scams? How Do Customers Want Banks to Combat the Global Wave of Scams?

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Scams RTP Push-to-Card Fraud Detection 52

Clearly Payments

DECEMBER 18, 2023

These key trends are set to redefine how consumers and businesses engage with payments, introducing innovation and unparalleled convenience. Real-time cross-border transactions are hurtling towards us, powered by blockchain and other innovations. The global real-time payments market is projected to reach $1.2

Payments Trends 102

Payments Trends Online and Mobile Banking Payment APIs and Integration Contactless Payments 102

PYMNTS

MARCH 18, 2019

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. On its website, TCH also says RTP is the system that “all federally insured U.S.

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Faster Payments Fed RTP Same Day ACH 80

Fintech Finance

FEBRUARY 27, 2024

Backbase , the global leader in Engagement Banking, today announced that Alacriti , an innovator in cloud-based payments and money movement services, will integrate its payments hub solution into the Backbase Engagement Banking Platform.

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Instant Payments Payment Solutions ISO 20022 FedNow 52

PYMNTS

NOVEMBER 13, 2020

Real-time payments (RTP) methods aren’t much use if few people understand what they are, where to find them and how to use them. percent of consumers claim to have used real-time payments, even though the methods they use either do not support real-time payments or are not made in real time. Consumerizing RTP.

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Real Time Payments RTP Consumer P2P 56

PYMNTS

DECEMBER 6, 2018

Unbanked adults rely on cash, and their financial habits and daily lives are largely defined by the habits centered around the use of cash. Real-time payments (RTP) can appeal to such consumers because, in part, it can replicate the experience of cash, especially in regards to the speed of transactions.

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Real Time Payments RTP Payments Economy 56

PYMNTS

JANUARY 22, 2021

Many consumers are therefore eager for auto financing to be as swift as possible, and companies like auto financing provider Westlake Financial see disbursements delivered over the RTP® network as the future of the industry. The RTP network is a powerful tool, but any tool must be wielded properly to have its desired effect.

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RTP Finance Security Real Time Payments 56

Payment Savvy

MAY 16, 2023

Instant ACH transfers are a modern innovation in digital payments, allowing for near-real-time movement of funds between bank accounts. Instant ACH Transfer Alternatives RTP Network The RTP (Real-Time Payments) Network, launched by The Clearing House, is an alternative option for those seeking instant money transfers.

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ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

PYMNTS

NOVEMBER 4, 2019

Use-cases for real-time payment capabilities continue to grow for consumers, small businesses and corporates, while the open banking business model is proliferating beyond the ability for FinTechs to loop into their customers’ bank account data, and into new opportunities like enhanced small business loan underwriting and automated accounting.

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Real Time Payments RTP Payment APIs and Integration Faster Payments 44

PYMNTS

NOVEMBER 23, 2020

When small businesses are looking for innovation … FinTechs have the ability to be [nimbler] and deliver the solutions that small businesses need. RTP Uptake Among SMBs Takes Longer Road to Ubiquity. “We no longer go to the bank,” Potter told PYMNTS. We're not connected. They're more responsive.”. For faster forms of payment.

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RTP Checks Small Business Use Case 57

PYMNTS

OCTOBER 12, 2020

He said there are going to be some institutions that will want to connect with both instant payment services — FedNow and The Clearing House (TCH)’s real-time payments ( RTP ) network — in a desire to ensure resiliency and redundancy to support outages in one system to the other, if they were to occur. The Timeframe .

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Instant Payments FedNow Fed Interoperability 97

PYMNTS

AUGUST 7, 2019

The Nets deal, he recounted, follows logically from recent acquisitions, like Vocalink, where infrastructure was the focus but now looks toward applications and new use cases as revenue drivers. The Use Cases. The second use case on offer revolves around bill presentment and payment.

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Visa Acquirers Real Time Payments ISO 20022 77

Faster Payments Council

SEPTEMBER 23, 2023

Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. Thise session envisions the art of the possible for commerce use cases in the U.S. (Foundry Ballroom) Payment networks need volume to scale and keep costs low.

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FPC RFP Federal Reserve Faster Payments 88

PYMNTS

NOVEMBER 19, 2020

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. While Track supports a range of payment rails, Transcard highlighted its support of the RTP network as a key value proposition within the context of B2B eCommerce.

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B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104

PYMNTS

AUGUST 6, 2019

Moreover, she noted, by providing a modern instant payments infrastructure, The Fed can offer a scaffolding for future innovation — which means the question isn’t just about what are the things we know we can make possible today. “It

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FedNow Fed Federal Reserve Instant Payments 85

PYMNTS

JANUARY 23, 2020

Business-to-consumer (B2C) industries are just beginning to see use cases for these payments and do not appear to be innovating fast enough, as 93 percent of customers recently surveyed by PYMNTS said that payment speed does not quite meet their standards. The instant payments education gap.

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Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

FEBRUARY 1, 2021

It has clarified the banking processes, but RTP is hardly ubiquitous within Italy, much less across the Eurozone. That increase has been driven by P2P payments, where parents are sending money to their children, and, perhaps not surprisingly, tech-savvy younger demographics are sending money to one another using banking apps.

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Real Time Payments Instant Payments Online and Mobile Banking Push-to-Card 100

Faster Payments Council

SEPTEMBER 12, 2022

How can we look to this rapidly growing business for new use cases for instant payments? RTP) looks like right now, best practices in implementation, and lessons from the market. Regulators encourage these efforts to educate and set a high bar, as evidenced in public commentary by NCUA board member and former chair Rodney Hood.

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FPC Federal Reserve Cross-Border Payments Faster Payments 88

PYMNTS

NOVEMBER 27, 2019

For faster payments, technological innovation is introducing newer capabilities, but as Halpin emphasized, it will ultimately be up to the payments community of end users whether that technology is used. The Community Approach to Ubiquity. “The

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ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

NOVEMBER 18, 2020

In the United States alone, for example, The Clearing House’s RTP network serves 70 percent of all DDAs. Not all that long ago, the first use cases of faster payments were promoted and embraced by payments-focused firms such as payroll providers or third-party payment processors. Awareness of those differences is key.

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Real Time Payments ISO 20022 Reconciliation Payments 98