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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 To facilitate this transition in handling 24/7 cash flow, Whisler said TCH offers services such as intraday reconciliation.

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The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

Payers have to know that payees will accept certain payment methods before making purchases, and payees do not want to invest until they know payment instruments are in demand. 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.,

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. TCH is the association of the 25 largest banks in the U.S., and one of two operators of the ACH network in the U.S., A Couple of Important Dots.

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Real-Time Payments Steps Up To Fulfill Demand For Faster Funds

PYMNTS

The appetite for new payments approaches is only growing, with The Clearing House (TCH) reporting that 400 more FIs have already gained technical access to the RTP network.”. With real-time payments becoming more real every day, awareness is climbing – and with it, so is demand. RTP Doing Its Part for a Quicker Recovery.

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Finserv Providers Embrace New Rails For Faster B2B Payments

PYMNTS

Not only does that figure represent the growing demand among businesses for faster, more agile and more transparent ways to move funds across borders, it also reflects the financial services industry’s willingness to embrace something other than legacy payment networks to facilitate that demand. HSBC Loops Into RTP.

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

PYMNTS

Demand for these services is high. Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. Another solution is designed to accelerate payments beyond even same-day offerings. The Clearing House (TCH), for instance, has voiced its opposition.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. Oddly, the push for faster payments also comes at the same time when payments in the U.S. It flew in on Dec. Could it be better?