PYMNTS

OCTOBER 12, 2020

As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function). The Timeframe .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

FEBRUARY 4, 2019

TCH, which is co-owned by 25 banks, launched Real-Time Payments (RTP) in November 2017. The new rail facilitates 24/7 payment clearing and settlement in real time. The group claimed that “ubiquity is unlikely to be achieved without a [real-time gross settlement system] offered by the Federal Reserve.”. The Federal Approach.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

JUNE 4, 2019

Payment company PayFi and The Clearing House (TCH) have partnered to bring real-time payments technologies to the community banks on PayFi’s Branch99TM Real-Time Platform, according to a release. “We We are in the middle of an unprecedented disruption in the banking and payments industries,” PayFi Head of Growth Peter Gordon said.

Real Time Payments 48

Real Time Payments ISO 20022 RTP Interbank Settlement 48