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The Clearing House On The Race for Real-Time Payments In The US

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You’d be forgiven for thinking that faster payments might be the purview of the U.S. Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. But it might not be the Federal Reserve ’s doing. Achieving ubiquity across the 12,000 or so FIs in the U.S.

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Icon Solutions Takes Next Step In Linking US Banks To Faster Payments

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Icon Solutions announced news last week it had begun testing connectivity between its Instant Payments Framework (IPF) and U.S.-based based limited liability company The Clearing House’s new faster payments infrastructure. Icon Solutions has already deployed its IPF in Europe and Asia.

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TCH’s Waterhouse: Real-Time Payments’ 2021 Focus Is On Smarter, Safer

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Nearly a year of trial-by-fire, pandemic-era learning within the payments business has not only provided some great lessons but has also set the stage for some major advances in 2021 that have been in the cards for years. To further enhance the RfP, TCH is also piloting a secure document repository for bills and invoices.

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Citizens Bank’s Corporate Real-Time Payments Play

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“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).

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Past Lessons May Prove Invaluable For US Real-Time Payments Rollout

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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. I think the U.S. is in a good position. ” And while U.S.