PYMNTS

FEBRUARY 4, 2019

is still scrambling to catch up, however, and major financial players are hoping it can achieve its own ubiquitous real-time payments system by next year. TCH, which is co-owned by 25 banks, launched Real-Time Payments (RTP) in November 2017. The Clearing House (TCH), for instance, has voiced its opposition.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

JANUARY 24, 2019

Since The Clearing House (TCH) launched Real-Time Payments (RTP) in 2017, the system has yet to reach ubiquity in the U.S. saying it’s high time for a ubiquitous faster payments scheme. It’s expected that more than 56 real-time payment rails will be live by 2020, and the U.S. The demand for faster payments is strong in the U.S.,

Federal Reserve 67

Federal Reserve Real Time Payments Faster Payments RTP 67

PYMNTS

MARCH 18, 2016

Going forward, partner financial institutions will be able to leverage D+H’s core, payments and channel applications as an access point for TCH’s real-time U.S Tech firm DH Corporation and The Clearing House will be partnering to provide real-time payment options in the United States for financial services firms. payments system.

Real Time Payments 40

Real Time Payments TCH Ubiquitous Payments 40

PYMNTS

MARCH 18, 2019

Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S. TCH is the association of the 25 largest banks in the U.S., On its website, TCH also says RTP is the system that “all federally insured U.S.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

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 6, 2019

Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer an option for consumers and business to transfer money instantly or nearly instantly in a “ubiquitous, safe and efficient” manner from one bank account to another. “We

FedNow 85

FedNow Fed Federal Reserve Instant Payments 85

PYMNTS

MAY 4, 2016

We clearly understand and recognize that, for this to work, it’s got to be ubiquitous like an ACH or check is,” Waterhouse said. TCH recognizes that having access to 10,000+ banks is different than having connectivity to 10,000 banks. But it’s also got to bring value that’s way beyond just delivering money quickly.

Faster Payments 40

Faster Payments Same Day ACH NACHA ACH 40

PYMNTS

JULY 24, 2019

Last month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payment technologies to community banks. Real-time payment system advocates seek to make the rails as close to ubiquitous as possible. This is shifting, though. The Role of APIs .

Real Time Payments 67

Real Time Payments Payment APIs and Integration Faster Payments Fraud Detection 67

PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). Here’s where the canary flew in. It also comes at a time in the U.S.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

SEPTEMBER 30, 2016

SWIFT has its thing, IBM is doing something else and allegedly with The Clearing House and Vocalink (although it’s been crickets from TCH for quite some time). NACHA just launched Same Day ACH – the only faster ubiquitous payments play in the U.S. ACI and Vocalink inked a deal.

CFPB 69

CFPB Online and Mobile Banking Bots Same Day ACH 69

PYMNTS

AUGUST 12, 2019

Existing infrastructure that enables these innovations is cheap, secure and efficient – and ubiquitous for innovators who want to launch those products as well as the corporates that want to use them. Such as how the Fed plans get a critical mass of participants on board, which The Clearing House (TCH) is struggling to do now.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

PYMNTS

AUGUST 10, 2020

In an interview with Karen Webster, Russ Waterhouse, executive vice president of product development and strategy at The Clearing House, details the recent headway made by TCH and the private sector to make real-time payments ubiquitous and bring more innovative use cases to market. The Mystery Of What’s Next For TikTok.

Real Time Payments 96

Real Time Payments Federal Reserve TCH Ubiquitous 96