PYMNTS

JANUARY 26, 2021

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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Real Time Payments RTP RFP TCH 109

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.

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Faster Payments Fed RTP Same Day ACH 80

PYMNTS

DECEMBER 29, 2020

Delivering rapid payroll could help employers stand out from the pack when recruiting temporary workers, said Steve Ledford , senior vice president of products and strategy at United States payments company and banking association The Clearing House (TCH), during a PYMNTS interview.

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Faster Payments Payment APIs and Integration Real Time Payments Instant Payments 124

PYMNTS

SEPTEMBER 15, 2020

“Once a financial institution is ready to connect to the RTP network, there is a very good chance, a 70 percent chance, that they have an already proven path through one of the many banking technology providers who have connected to the network partnered with TCH.”. First Horizon Mixes Rails for Faster Treasury Payments.

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RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105

PYMNTS

APRIL 26, 2019

As noted in the Faster Payments Tracker, and to offer up just a few examples: the Federal Reserve is mulling the creation of its real-time payments system; The Clearing House (TCH) has its own real-time system, seeking critical mass among banks and in Australia, the New Payments Platform is logging new use cases.

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Faster Payments Same Day ACH TCH Federal Reserve 60

PYMNTS

JANUARY 12, 2021

Wells River Savings Bank will gain access to the RTP® network built by The Clearing House (TCH) via SHAZAM, Inc. 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

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RTP TCH Real Time Payments Funding Agent 56

PYMNTS

NOVEMBER 30, 2020

The real-time payment use cases for businesses and customers are clear, but it is important to note that successfully enabling these transactions relies on coordination among numerous financial players,” per the report. RTP Use Cases Growing Faster. Use cases for real-time are growing as more players enter the space.

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Real Time Payments RTP Payroll P2P 68

PYMNTS

JANUARY 11, 2021

PYMNTS' latest Real-Time Payments Report done in collaboration with The Clearing House looks at the matter through numerous use cases, none more informative than that of New Jersey-based community bank Cross River , with its enthusiastic embrace of real-time payments (RTP). If only enthusiasm were enough.

RTP 67

RTP Real Time Payments Payment APIs and Integration B2B 67

PYMNTS

JANUARY 26, 2021

TCH’s Waterhouse: Real-Time Payments’ 2021 Focus Is On Smarter, Safer. One of the goals of The Clearing House (TCH) in the new year is to make real-time payments safer and smarter, Russ Waterhouse, executive vice president of product development and strategy, told Karen Webster.

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FedNow Federal Reserve Visa TCH 61

PYMNTS

JUNE 4, 2019

Payment company PayFi and The Clearing House (TCH) have partnered to bring real-time payments technologies to the community banks on PayFi’s Branch99TM Real-Time Platform, according to a release. “We The RTP network offers a suite of available use cases and extensive level of data accompanying each RTP transaction.”.

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Real Time Payments ISO 20022 RTP Interbank Settlement 48

Faster Payments Council

FEBRUARY 6, 2022

This month, the FPC released the results of the third installment of the Faster Payments Barometer, the annual survey that gauges progress and perceptions around faster payments, use cases, trends, and challenges. And other industry participants and FPC Members are working towards real-time cross-border payments as well.

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Faster Payments Cross-Border Payments Cross-Border FPC 68

PYMNTS

DECEMBER 20, 2017

Faster payments recently made their American debut, with The Clearing House (TCH) instituting the inaugural transaction on the first new payments and clearing system in the U.S. Put it all together, and the end result is a payments tool that can be of use to any business, large or small, Ward said. in more than four decades.

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AI Real Time Payments Faster Payments Payments 83

PYMNTS

OCTOBER 12, 2020

He said there are going to be some institutions that will want to connect with both instant payment services — FedNow and The Clearing House (TCH)’s real-time payments ( RTP ) network — in a desire to ensure resiliency and redundancy to support outages in one system to the other, if they were to occur.

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Instant Payments FedNow Fed Interoperability 97

PYMNTS

AUGUST 6, 2019

It is what are the use cases and new efficiencies we will discover when there is a system for instant payments that is truly nationwide. However, in the immediate aftermath of the announcement, TCH was a bit more neutral in its tone. That doesn’t exist today.”.

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FedNow Fed Federal Reserve Instant Payments 85

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.

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Faster Payments TCH Real Time Payments Payments 41

PYMNTS

DECEMBER 30, 2020

The bank also sought to keep this workload manageable by focusing first on facilitating specific, clearly defined use cases rather than attempting to enable everything all at once. While other [payment networks] were extremely prescriptive of what the experience was going to feel like, TCH was almost the antithesis of that.

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RTP Payment APIs and Integration Instant Payments TCH 64

Fintech Finance

JANUARY 24, 2024

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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Real Time Payments RTP Visa Instant Payments 52

PYMNTS

JUNE 25, 2019

With a nod toward Rambus, he said, “These guys have already been experimenting with different types of token use cases, including account-to-account or real-time payment tokens,” and in other endeavors to tokenize ticketing and blockchain. Those latter initiatives, he added, “are the further out stuff.”.

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Transactions Real Time Payments Same Day ACH Payments 79

PYMNTS

FEBRUARY 8, 2018

It wasn’t until November 2017 that The Clearing House (TCH) debuted its Real-Time Payments (RTP) scheme — a system that isn’t expected to see across-the-board adoption until 2020. The use cases go on, including companies with business models based around enabling goods rentals and reimbursement for services as they happen, among others.

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RTP Real Time Payments TCH Faster Payments 43

PYMNTS

APRIL 2, 2019

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. Payment solution providers are now also getting in on the real-time game and supporting a growing list of RTP use cases that use the network for rapid transaction speeds.

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Real Time Payments RTP Payer Irrevocability 49

PYMNTS

APRIL 25, 2019

While the Federal Reserve deliberates on whether it will create its own real-time payment (RTP) system, The Clearing House (TCH) is working to head off the competition by making a stronger case for its RTP being the best path to real-time payment ubiquity in the U.S.

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Real Time Payments Faster Payments TCH Interoperability 49

PYMNTS

JANUARY 21, 2019

when the vast majority of banks have resisted throwing their support behind TCH, which has been trying for the last several years to get its real-time payments alternative off the ground. on board because it offered a solution for use cases where same-day was essential. It also comes at a time in the U.S.

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Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

JUNE 18, 2019

The Clearing House [TCH] launched its own RTP network at the end of 2017.). When asked what other use cases might be considered low-hanging fruit for RTP, she said instant insurance claims payments and retail returns are within the immediate grasp of business payment adoption. RTP And RFP.

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RTP P2P B2B RFP 78

PYMNTS

OCTOBER 29, 2019

The Clearing House ’s (TCH) Real-Time Payments (RTP) network received multiple shows of support from B2B FinTechs this week as service providers embrace the U.S.’s Core Banking-as-a-Service technology provider Finxact this week announced a partnership with TCH in an effort to expand access to RTP to more financial institutions.

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RTP Blockchain Business Payments Real Time Payments 40

PYMNTS

AUGUST 14, 2020

While the proposed FedNow system has a 2023-24 timeframe to implementation, a number of initiatives and use cases are being embraced right here and right now to move the needle on accelerating payments toward real-time ubiquity.

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PYMNTS

MAY 8, 2017

Icon Solutions , which provides FIs with technology and consulting to help get their real-time payments capabilities up and running, recently announced that it is working with The Clearing House (TCH), offering TCH its Instant Payments Framework. Of course, real-time ACH payments and card payments are hardly birds of a feather.

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Real Time Payments ISO 20022 TCH ACH 46

PYMNTS

DECEMBER 4, 2019

It is part of its broader efforts to support payments modernization in the country with the RTP network, which is operated by The Clearing House (TCH) as a recent addition to the U.S. payments rail ecosystem to support faster transfer of funds. Wells Next to Tap RTP for Corporates.

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B2B RTP Cross-Border FPC 52

PYMNTS

JANUARY 23, 2020

Business-to-consumer (B2C) industries are just beginning to see use cases for these payments and do not appear to be innovating fast enough, as 93 percent of customers recently surveyed by PYMNTS said that payment speed does not quite meet their standards. The instant payments education gap.

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Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

SEPTEMBER 26, 2019

These methods have subtle distinctions as well as different advantages, risks and use cases. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems. Instant payment systems, such as TCH’s RTP and the U.K.’s

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Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

JUNE 26, 2018

At present, payroll and gig worker payments may be the most emphasized use cases for faster payments capabilities in the corporate world, with fewer experts expecting payments acceleration to gain traction in accounts payable and supplier payment scenarios. They just don’t think there will ever be a use case for it.”

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Real Time Payments Payments Strategy RTP FinTech 46

Tearsheet

MARCH 27, 2024

According to data from The Clearing House [TCH] for the third and fourth quarters of 2022, DailyPay’s transactions make up one-tenth of all RTP payments. Achieving widespread adoption remains a longstanding challenge for real-time payments in the US. While instant payments volume is expected to grow to 11.4

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Instant Payments RTP Consumer Financial Protection Bureau (CFPB) FedNow 64

PYMNTS

JULY 28, 2016

ISO 20022 Stakeholder Group, which includes the Fed, X9 and TCH, is aimed at exploring how valuable the standard can be for various payment types in the U.S. She explained that the work NACHA has done with the utilization of ISO 20022 has nothing to do with the actual speed of the payments themselves. Even the most recent work with the U.S.

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ISO 20022 ISOs NACHA ACH 40

Fintech Labs Insights

APRIL 10, 2017

IPF comes with a reference implementation for each scheme, for example Faster Payments, SCT inst and TCH. IPF has a small footprint and uses open source technology to ensure speed of deployment, high performance, low latency, and 24×7 availability whilst reducing the cost of ownership.

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Instant Payments Payments TCH Use Case 16

PYMNTS

AUGUST 12, 2019

That’s the talk track now from the Fed , which a week ago today announced its plans to build and operate a new set of real-time rails, using accelerated access to employer paychecks as its launch use case. Ironically, perhaps, the ACH network’s first direct deposit use case was the U.S. Slowing Innovation.

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Real Time Payments FedNow TCH Fed 78

PYMNTS

AUGUST 10, 2020

is gathering momentum as more use cases persuade more banks and their corporates of its value. The race to scale real-time payments in the U.S.

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Real Time Payments Federal Reserve TCH Ubiquitous 96