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

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According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-Time Payments) network advancements, including instant payroll, merchant settlements and tokenization.

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Deep Dive: Billing And The Use Of Real-Time Payments

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When The Clearing House (TCH) unveiled the Real-Time Payments (RTP) system in 2017, it propelled swifter payments and brought about the next generation of fund transfers. BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. in approximately four decades. .