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A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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May 14, 2026
On the web
RTP® Network Marks May Day with Record-Breaking Volume and Value
theclearinghouse
"The RTP® network, the nation’s largest system that processes over 98% of the U.S. economy’s bank-to-bank instant payments, set new single-day records by processing 2.27 million transactions worth $8.62 billion on May 1, reflecting the continued adoption of instant payments by consumers, financial institutions, and businesses. The volume growth of the RTP network, operated by The Clearing House, is driven by consumers looking for instant access to their funds to help balance household budgets."
April 9, 2026
On the web
CHIPS® Delivers Record Value and Resilience for Participants in 2025
The Clearing House
"The CHIPS® network, the largest private-sector high-value payment system in the world, reported increased network usage, economic value, and resilient liquidity performance in 2025, demonstrating the growing importance of its patented liquidity algorithm to participant banks and their customers. In 2025, the CHIPS network activity increased materially with average daily value rising nine percent year-over-year to $2.014 trillion and average daily volume increasing 12 percent year-over-year, underscoring the network’s expanding role in supporting large-value domestic and cross-border U.S. dollar payments."
February 26, 2026
On the web
Cash Flow Needs from Consumers and Businesses Drive New RTP® Network Volume and Value Records
The Clearing House
"The nation’s largest instant payments system, operated by The Clearing House, recently set new single-day records. On Friday, February 13 the RTP network, which carries 98% of all bank-to-bank instant payments volume in the U.S, processed 2.05 million payments – the first time the network exceeded 2 million transactions in a single day. In addition, on Wednesday, February 18, the RTP network reached a new single-day value record of $8.36 billion."
February 12, 2026
On the web
Banks Caution Against Relaxing Standards for Fed Account Access to Preserve Financial Stability
The Clearing House
"The Bank Policy Institute, Financial Services Forum and The Clearing House Association responded to the Federal Reserve’s request for input on a special-purpose payment account, sometimes referred to as a “skinny master account.” This proposal would relax Federal Reserve master account access standards by introducing a new type of account aimed at payments companies. The associations warned that granting direct access to the Fed’s payment infrastructure to lesser-regulated institutions without sufficient guardrails could increase payment system risks and undermine financial stability."
December 4, 2025
On the web
A November to Remember: The Clearing House Networks Shatter Records as Digital Payments Surge Nationwide
The Clearing House
"The CHIPS®, EPN®, and RTP® networks all posted record-breaking results in November, underscoring the advantages banks gain from utilizing the payment systems operated by The Clearing House – from CHIPS’ unmatched intraday liquidity savings, to instant settlement and 24/7 availability through the RTP network, to EPN’s capacity for high-volume, recurring payments. Together, these new records highlight the rapid growth of digital payments in the U.S. and the accelerating shift toward efficient, resilient, and modern electronic payment rails across the U.S. banking sector."
October 21, 2025
On the web
The Clearing House Association and BPI Urge Treasury to Modernize AML Rules for the Digital Age
The Clearing House
"The Clearing House Association and the Bank Policy Institute issued recommendations to the U.S. Department of the Treasury as part of Treasury’s request for information to modernize the Bank Secrecy Act. Recommendations: Apply anti-money laundering rules consistently; encourage banks to adopt technologies that help combat illicit finance; Rescind the existing model risk management guidance, which stifles innovation; improve information sharing; bring DeFi into the regulatory framework."
October 20, 2025
On the web
Expanded Adoption of The Clearing House Token Service Strengthens Bank Account Security and Promotes Open Banking
The Clearing House
"The Clearing House announced the expanded adoption of its Token Service, designed to protect the information associated with bank account numbers and help mitigate risks associated with fraud and data breaches across the financial ecosystem. The service, which is available for ACH transactions on the EPN® network and for instant payments on the RTP® network, is now being adopted more broadly by banks and paving the way for new applications for payments, data security, and fraud risk mitigation."
October 16, 2025
On the web
RTP® Network Sets New Single-Day Record with 1.8 Million Transactions
The Clearing House
"Instant payments usage continues to accelerate in the United States as the RTP® network, the nation’s largest instant payments system operated by The Clearing House, set a new single-day record, processing 1,808,967 transactions valued at $5.2 billion. The milestone, reached on October 3, reflects the growing adoption of instant payments. The record-setting day follows a year of sustained growth for the RTP network, which now averages more than 1.3 million payments daily and continues to expand both in reach and transaction value."
July 18, 2025
Top Post
RTP® Network Hits $481 Billion in Q2 as Higher-Value Instant Payments Surge
The Clearing House
"Instant payments adoption is accelerating—and payments are getting bigger. In Q2 2025, the RTP® network, the largest instant payments system in the United States operated by The Clearing House that averages 1.18 million payments each day, processed $481 billion in payments, a 195% leap in value from the previous quarter. What’s behind the surge? Businesses and financial institutions are embracing larger, faster transactions, thanks to the network’s increased transaction limit of $10 million, introduced in February."
June 16, 2025
On the web
Comerica Bank Ushers in New Era of RTP® Through New On-Behalf-Of (OBO) Payment Solutions
PR Newswire
"Comerica Bank announced it will become an early adopter of The Clearing House's revised rules for domestic On-Behalf-Of (OBO) payments on the RTP® network operated by The Clearing House. Comerica Bank, and its client Monex USA, a provider of international payments, corporate FX and currency risk hedging services, took part in one of the first OBO payments under the revised rules."
June 10, 2025
Top Post
BofA Clients Embrace New $10 Million Limit in U.S. Real-Time Payments
Bank of America
"Recent action from The Clearing House to increase the transaction limit on real-time payments from $1 million to $10 million is fueling new use cases in business-to-business payments among Bank of America clients. The bank is one of the first financial institutions to enable its corporate customers to send payments up to the new transaction limit."
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."