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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. Mastercard’s collaboration with TCH dates back to 2017 when TCH introduced the RTP network, with Mastercard as the exclusive software provider for the network.

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New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

A lot of what the pandemic did was force our industry to truly be digital, to facilitate frictionless transactions,” TCH Senior Vice President Elena Whisler said in a recent conversation with PYMNTS. “It One thing is customer service, but the other is liquidity management or cash flow forecasting, and that's new to a lot of organizations.”.

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Mastercard and The Clearing House extend partnership on real-time payments

Fintech Finance

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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Corporate America Credit Union To Serve As RTP Funding Agent

PYMNTS

The Corporate America Credit Union (CACU), which serves almost 500 credit unions (CUs) around the world, has become a funding agent for the RTP network, The Clearing House ’s (TCH) real-time payments network, according to a release.

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Deep Dive: Weighing The Federal Reserve’s Faster Payments Proposal

PYMNTS

TCH, which is co-owned by 25 banks, launched Real-Time Payments (RTP) in November 2017. The system would facilitate 24/7 year-round interbank settlements of faster payments and also provide a liquidity management tool to support transfers between Federal Reserve accounts. The Federal Approach.

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Happy First Birthday FedNow: But is This a Cause For Celebration?

The Fintech Times

Up to this point, US financial institutions have relied on The Clearing House ‘s (TCH) Real-Time Payments Network (RTP), run by big banks. Banks have a difficult choice between TCH’s RTP network and the new kid on the block, FedNow. In fact, in 2023 , real-time payments only made up one per cent of all payments in the country.

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MUFG Intros Corporate Real-Time Payments 

PYMNTS

MUFG Union Bank is now offering business customers real-time payments on The Clearing House (TCH) RTP network, MUFG announced on Thursday (Jan. With real-time payments, the process is simplified and saves time, making for better cash flow and financial management.