PYMNTS

MARCH 9, 2020

Even the most convenient, feature-filled payment rails will fall flat if nobody can be convinced to try them. Such systems can offer everything from swifter settlement times to easy payment status tracking, but such benefits require widespread adoption. That [arrangement] was never going to fly in the U.S.”. Proving Value.

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

PYMNTS

MAY 5, 2016

When The Clearing House (TCH), the payments firm owned by commercial banks, along with global software and services provider FIS, recently submitted their proposal to the Fed’s Faster Payments Task Force in order to evaluate their real-time payments system proposal, it signified a milestone along the path toward real-time payments.

Faster Payments 41

Faster Payments TCH Real Time Payments Payments 41

PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . High-value payment systems operated by the U.S.

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

MARCH 11, 2020

It’s the Feds versus the Free Marketeers, and the feud between them is over whose real-time payments (RTP) rails will rule them all. Sensing that existing fast payments are not accessible enough, the Fed proposed the FedNow? To ensure fast payments are available to everyone, FedNow will be accessible to all banks, no matter the size.

Faster Payments 74

Faster Payments Federal Reserve FedNow RTP 74