PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. Interoperability is a core component” of FedNow, said Montgomery.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

OCTOBER 15, 2020

There’s no doubt that when it comes to large bulk payments, said Waterhouse, ACH has strong advantages for users and processing efficiency. 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.

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

PYMNTS

MARCH 9, 2020

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.,

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

PYMNTS

JANUARY 25, 2019

“We might be at a tipping point in the market, [in which] the market just demands faster payments,” said Matt Richardson, head of product solutions at Citizens Bank. . Citizens plans to provide greater payments speed to its clients this year by using the RTP rail developed by The Clearing House (TCH). as an example.

Real Time Payments 67

Real Time Payments Federal Reserve RTP TCH 67

PYMNTS

MAY 8, 2017

Icon Solutions , which provides FIs with technology and consulting to help get their real-time payments capabilities up and running, recently announced that it is working with The Clearing House (TCH), offering TCH its Instant Payments Framework. For instance, in the U.K.

Real Time Payments 46

Real Time Payments ISO 20022 TCH ACH 46

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. Mixed Demand and ISO 20022. Current Efforts . and Australia’s NPP.

ISO 20022 77

ISO 20022 Interoperability Instant Payments Cross-Border 77