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April 1, 2025
Top Post
The Clearing House’s ACH Network Continues Multiyear Growth Trend
The Clearing House
"Transaction volume on the EPN® system, the ACH network operated by The Clearing House Payments Company L.L.C., grew 6.2% in 2024, continuing the trend of yearly ACH volume and value growth. In 2024, the EPN system processed 20.7 billion transactions worth $56.4 trillion, approximately half of the U.S. ACH commercial volume last year."
February 18, 2025
On the web
Chips® Liquidity Algorithm Unlocks Over $5 Billion in Annual Savings, Delivering Efficiency to the Global Financial Market
The Clearing House
"The CHIPS® network is leading the charge in optimizing liquidity efficiency and delivering significant economic benefits to participants. In 2024, the CHIPS liquidity algorithm drove over $5.14 billion in annualized economic savings, equating to $14.27 million per day, proving itself as an indispensable asset to the global financial system."
February 10, 2025
On the web
BNY Sends Largest Instant Payment in U.S. History, $10 Million Following Transaction Limit Increase
The Clearing House
"The Clearing House and The Bank of New York Mellon Corporation announced the completion of the largest instant payment in U.S. history and the first-ever payment on the RTP® network exceeding $1 million, following the recent increase in the network’s transaction limit. The $10 million inter-company liquidity management payment, from Computershare, to an account at another financial institution, marks a milestone in the evolution of instant payments."
February 3, 2025
On the web
RTP® Network Doubles Volume in 18 Months, Surpassing 1 Billion Transactions and Driving U.S. Payment Innovation
The Clearing House
"The RTP® network has achieved a major milestone, surpassing 1 billion payments – just 18 months after crossing the 500 million transaction mark. After taking more than five years to reach the first half a billion payments, the network’s recent rapid growth underscores the expanding acceleration of instant payments adoption in the United States."
January 13, 2025
On the web
Skyrocketing RTP® Network Growth Sets Stage for 2025
The Clearing House
More consumers and businesses than ever before benefited from real-time payments on the RTP® network in 2024, operated by The Clearing House. In 2024, payment value on the network jumped 94% from the previous year, logging in at $246 billion, while volume surged 38% to 343 million transactions.
December 10, 2024
On the web
Higher $10 Million RTP® Network Transaction Limit Empowers New Uses
The Clearing House
"The Clearing House, the operator of the RTP® network, the largest instant payments system in the United States, will raise the individual transaction limit to $10 million. The increased limit supports growth on the network in areas including real estate, supply chain payments, and business-to-business transactions that require larger transaction amounts."
December 4, 2024
Top Post
The Clearing House Raises Its Real Time Payments Cap to $10 Million—a 10X Increase
Digital Transactions
"The Real Time Payments network operated by The Clearing House Payments Co. said early Wednesday it will raise its transaction limit to $10 million, a tenfold jump from the current $1-million cap. The new limit will take effect Feb. 9, following a 60-day notice period required by The Federal Reserve."
November 15, 2024
On the web
What Payment Firms Want From Real-Time’s Next Chapter
American Banker
"The Clearing House's real-time payments network and the Federal Reserve's FedNow have gained hundreds of banks, but overall acceptance of instant settlement is still low, leading bankers at this week's Clearing House annual conference to question that path for future growth."
November 12, 2024
On the web
America Loves Instant Payments, as New RTP® Network Records Show
The Clearing House
"The RTP® network, the largest instant payments system in the United States operated by The Clearing House, now averages over 1 million payments per day. The RTP network also set single day records of 1.46 million transactions valued at $1.24 billion on November 1."
November 5, 2024
On the web
Regulators Should Take the Reins on Fintech Oversight
The Clearing House
"The Bank Policy Institute and The Clearing House Association commented on partnerships between banks and fintechs in a letter to the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve."
July 19, 2024
Top Post
Banks Urge CFPB to Extend Compliance Period for Consumer Financial Data Rule (Section 1033)
The Clearing House
"The Clearing House Association, Bank Policy Institute, Consumer Bankers Association, and American Bankers Association sent a letter late yesterday to the Consumer Financial Protection Bureau calling for the Bureau to extend the compliance deadline for its forthcoming rule governing consumer financial data known as Section 1033."
July 10, 2024
Top Post
RTP® Network Has Billion Dollar Day
The Clearing House
Consumers and businesses sent over $1 billion in instant payments on June 28 over the RTP® network, a single day record for the largest instant payments system in the United States, operated by The Clearing House.
May 31, 2024
On the web
Correcting the Record on the Electronic Fund Transfer Act (The Clearing House)
The Clearing House
"The American Bankers Association, Bank Policy Institute, New York Bankers Association, and The Clearing House Association responded to CFPB General Counsel Seth Frotman’s blog post regarding the state of New York’s lawsuit against Citibank over alleged wire transfer scams that affected some bank customers."
April 10, 2024
Top Post
CHIPS® Network Successfully Migrates to ISO 20022 Message Format
The Clearing House
"The CHIPS® network, the largest private-sector high-value clearing and settlement system in the world, which is operated by The Clearing House, successfully migrated to the ISO 20022 message format on the April 8 banking day."
April 4, 2024
Top Post
RTP® Network BreaksRTP® Network Breaks Instant Payments Records Instant Payments Records
The Clearing House
"Consumers and businesses took advantage of instant payments through The Clearing House RTP® network, which resulted in numerous records set in the first quarter of 2024. The network experienced a record 76 million transactions in the first quarter, valued at $42 billion. March was also a record month with nearly 27 million transactions, and March 1st is now the single day with the most transactions at over 1.25 million."
March 21, 2024
On the wires
NetXD Launches Cloud-based Solution for the RTP® Network as a Third-Party Service Provider
Business Wire
"NetXD has launched as a Third Party Service Provider (TPSP) for The Clearing House’s (TCH) RTP® network marking the launch of one of the industry’s first fully cloud-based solutions for the RTP network."
March 12, 2024
Top Post
Growing Volumes on The Clearing House’s ACH Network Lead to Impressive Upward Trajectory
The Clearinghouse
"Transaction volume on EPN, the ACH network from The Clearing House, grew 8% in 2023, outpacing the broader ACH market and continuing impressive yearly growth. In 2023, EPN processed over 19 billion transactions worth $52.4 trillion."
March 7, 2024
On the web
2023 ACH Volume on TCH’s EPN Continues Steady Year-Over-Year Growth
The Clearing House
"Transaction volume on EPN, the ACH network from The Clearing House, increased 7.9% in 2023, outpacing the broader ACH market and continuing steady yearly growth."
January 24, 2024
Top Post
Mastercard and The Clearing House Extend Partnership on Real-Time Payments
The Clearing House
"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."
January 3, 2024
On the web
BPI and TCH Call for Stronger Consumer Financial Data Rules for Aggregators and Big Tech
The Clearinghouse
"The Clearing House Association and Bank Policy Institute (BPI) and submitted recommendations to the Consumer Financial Protection Bureau (CFPB) in response to a proposed rule establishing how banks, data aggregators and other third parties can safely share consumer financial data."
November 8, 2023
Top Post
Why Some US Bank Deposits are Held Up Days After 'Processing Error' Delayed 850,000 Payments
Yahoo Finance
"Hundreds of thousands of payments never landed in US bank accounts last week because of a “processing error.” ...The Clearing House, which processes a large portion of the bank-to-bank electronic transfers that happen in the US each day, said Tuesday in a statement that some payments were delayed last Thursday because instructions were sent to financial institutions “with the account number and names of customers masked.”
October 19, 2023
On the wires
AFP Survey Reveals Over 75% of Businesses Will Utilize Real-Time Payments in Next 5 Years
PR Newswire
"The 2023 AFP® Real-time Payments Survey, conducted by the Association for Financial Professionals® (AFP) and sponsored by The Clearing House, found that corporates plan to drastically increase their use of real-time payments in the next five years to benefit from lower transaction costs, improved transparency into the payment process, increased efficiency, and better cash flow."
October 4, 2023
On the wires
Cross River and Paymints.io Further Expand Optionality for Real Estate Transactions with Real-Time Payments Through The Clearing House’s RTP® Network
Businesswire
"Cross River Bank, and paymints.io, a cloud-based financial operating system for digital payments that allows title insurance companies and real estate brokerages to send and receive digital payments in and out of escrow accounts, announced the expansion of their partnership to bring real-time payments to paymints.io customers over The Clearing House’s RTP® network."
September 19, 2023
On the web
Sibos TV: Harmonising Payment Messaging for ISO 20022 [Video]
YouTube
"Message standardisation across multiple jurisdictions in accordance with the ISO 20022 is a global, multi-year effort requiring substantial industry collaboration. With the migration of the Clearing House Interbank Payments System (CHIPS) slated for April 2024, Richard Dzina, Senior Vice President of Product Development at The Clearing House joins Sibos TV to talk about implementation efforts and the benefits of the work ahead."
September 6, 2023
On the web
RTP® Network Surpasses 1-Million Payments on a Single Day
The Clearing House
"The RTP® network, the instant payments system operated by The Clearing House that is available to all insured depository financial institutions in the United States, surpassed the one million daily payment milestone on September 1 as more financial institutions and their customers realize the benefits of real-time payments, including immediate funds availability, confirmation of payment receipt, and payer control of when a payment is sent."
August 2, 2023
On the web
RTP® Network Expands Request for Payment (RfP) Availability
The Clearing House
Using the Request for Payment (RfP) capability on the RTP® network, the instant payments system operated by The Clearing House, broker dealers, billers and suppliers can now request a payment from their customers through secure bank channels, and receive an instant payment in response from both consumers and businesses.
July 24, 2023
On the wires
RTP® Network Surpasses Half a Billion Instant Payments
PR Newswire
"The Clearing House's RTP® network, which has been providing instant payments to millions of consumers and businesses for more than five years, surpassed the 500 million payment milestone on Saturday, July 22."
April 28, 2023
On the web
Conduent Introduces First-of-Their-Kind Digital Payment Solutions for Tolling and Other Transportation Uses
EIN News
"Conduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (Nasdaq: CNDT), today announced new digital payment solutions, using real-time payments over the RTP® network, for the transportation sector. The solutions will make billing and paying tolls faster, easier and more secure for transportation agencies and toll road users. The new digital solutions, the first-of-their-kind in the transportation industry, could later expand payment options for bus and rail transit operators, parking authorities and other public sector uses, such as traffic fines."
April 13, 2023
On the web
Real-Time Payments (RTP®) on Plaid Transfer
"With Instant Payouts on the Transfer Platform from Plaid, customers can move money in real time, authorize account holders securely, and analyze risk--all within a single API. Instant Payouts initiates payments over the RTP® network, which is connected to 65% of accounts, and it intelligently and automatically routes payments over ACH for customers not on RTP."
January 9, 2023
On the web
NorthOne Partners with The Bancorp Bank; Introduces Real-Time Payments
IBS Intelligence
"NorthOne recently announced that they are breaking new ground in the FinTech space by joining The Clearing House’s Real-Time Payments network in partnership with The Bancorp Bank, N.A. With The Clearing House’s innovative Real-Time Payment network, NorthOne will help businesses receive payments instantly 24 hours a day, 365 days a year, and serves as a platform for innovation, allowing NorthOne to deliver new products and services to customers...With 61% of small businesses struggling due to poor cash flow management, the launch of real-time payments will directly remove a major barrier to success for the businesses NorthOne serves by making it faster for them to get paid."
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