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December 4, 2024
Top Post
The Clearing House Raises Its Real Time Payments Cap to $10 Million—a 10X Increase
Digital Transactions
November 15, 2024
On the web
What Payment Firms Want From Real-Time’s Next Chapter
American Banker
November 12, 2024
On the web
America Loves Instant Payments, as New RTP® Network Records Show
The Clearing House
November 5, 2024
On the web
Regulators Should Take the Reins on Fintech Oversight
The Clearing House
July 19, 2024
Top Post
Banks Urge CFPB to Extend Compliance Period for Consumer Financial Data Rule (Section 1033)
The Clearing House
July 10, 2024
Top Post
RTP® Network Has Billion Dollar Day
The Clearing House
May 31, 2024
On the web
Correcting the Record on the Electronic Fund Transfer Act (The Clearing House)
The Clearing House
April 10, 2024
Top Post
CHIPS® Network Successfully Migrates to ISO 20022 Message Format
The Clearing House
April 4, 2024
Top Post
RTP® Network BreaksRTP® Network Breaks Instant Payments Records Instant Payments Records
The Clearing House
March 21, 2024
On the wires
NetXD Launches Cloud-based Solution for the RTP® Network as a Third-Party Service Provider
Business Wire
March 12, 2024
Top Post
Growing Volumes on The Clearing House’s ACH Network Lead to Impressive Upward Trajectory
The Clearinghouse
March 7, 2024
On the web
2023 ACH Volume on TCH’s EPN Continues Steady Year-Over-Year Growth
The Clearing House
January 24, 2024
Top Post
Mastercard and The Clearing House Extend Partnership on Real-Time Payments
The Clearing House
January 3, 2024
On the web
BPI and TCH Call for Stronger Consumer Financial Data Rules for Aggregators and Big Tech
The Clearinghouse
November 8, 2023
Top Post
Why Some US Bank Deposits are Held Up Days After 'Processing Error' Delayed 850,000 Payments
Yahoo Finance
October 19, 2023
On the wires
AFP Survey Reveals Over 75% of Businesses Will Utilize Real-Time Payments in Next 5 Years
PR Newswire
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
September 19, 2023
On the web
Sibos TV: Harmonising Payment Messaging for ISO 20022 [Video]
YouTube
September 6, 2023
On the web
RTP® Network Surpasses 1-Million Payments on a Single Day
The Clearing House
August 2, 2023
On the web
RTP® Network Expands Request for Payment (RfP) Availability
The Clearing House
July 24, 2023
On the wires
RTP® Network Surpasses Half a Billion Instant Payments
PR Newswire
April 28, 2023
On the web
Conduent Introduces First-of-Their-Kind Digital Payment Solutions for Tolling and Other Transportation Uses
EIN News
April 13, 2023
On the web
Real-Time Payments (RTP®) on Plaid Transfer
January 9, 2023
On the web
NorthOne Partners with The Bancorp Bank; Introduces Real-Time Payments
IBS Intelligence
November 28, 2022
On the web
Real-Time Payments In U.S. Marks Fifth Year — FedNow Coming In July
“To mark the fifth anniversary of real-time payments in the U.S. The Clearing House (TCH) and Jack Henry launched a flurry of statistics which cast a bit of an obscuring haze over the topic. TCH says its RTP network reaches 62% of all demand deposit accounts in the U.S. and 85% of insured depository institutions have technical access to the network through more than 20 technology solutions providers, including Jack Henry & Associates, FIS, Fiserv, COCC, Finastra and Shazam. The Clearing House is eager to show that it provides services for small banks and credit unions and isn’t just a network for the major banks.”
November 15, 2022
On the web
TCH Comments on Treasury Department’s Notice and Request for Comment on Digital Assets and Digital-Asset-Related Illicit Finance and National Security Risks
The Clearing House
The Clearing House Association (TCH) submitted comments in response to the Treasury Department’s notice and request for comment on “Ensuring Responsible Development of Digital Assets” and digital-asset-related illicit finance and national security risks. In its letter, TCH addressed digital-asset-related illicit finance and national security risks, ways to mitigate these risks, the Treasury Department’s “Action Plan to Address Illicit Financing Risks of Digital Assets” (Action Plan), and ways in which to support anti-money-laundering/countering-the-financing-of-terrorism (AML/CFT) controls in the design of a potential U.S. CBDC. With regard to privately-issued digital assets and private token-based cryptocurrency, TCH opined that a comprehensive federal prudential framework applying standards to digital assets service providers that are equivalent to those that apply to depository financial institutions when engaged in functionally similar activities is essential. TCH also commented that banks, which are subject to comprehensive regulatory and supervisory frameworks, should be no less able to engage in digital-asset-related activities than nonbanks.
November 9, 2022
On the web
TCH White Paper Outlines Legal Authority for Insured Depository Institutions to Issue and Provide Stablecoin-Related Activities, Including Digitized Deposits
The Clearinghouse
“The Clearing House has released a research paper that analyzes the legal authority and policy considerations for banks’ engagement in stablecoin-related activities.The TCH paper provides information about the legal authority of insured depository institutions to issue stablecoins and engage in stablecoin-related activities, and notes that: The OCC’s 2020 and 2021 letters concluding that national banks have the clear legal authority to issue and exchange stablecoins are soundly based on language in the National Bank Act, and consistent with numerous legal decisions and regulatory determinations regarding a bank’s authority to issue payments and deposit instruments. National banks have always been permitted to develop innovative deposit and payment mechanisms, as receiving deposits and acting as financial intermediaries are core functions of banks. Notwithstanding that the OCC’s “transparency doctrine” focuses on the authority of a national bank to offer a product or service, rather than how the service is delivered, and stablecoin issuance by banks and stablecoin-related activities constitute a new means of accepting, holding and transferring deposits, there has been no public statement of approval granting a federally-insured bank the ability to issue a customer-facing stablecoin.”
October 13, 2022
Top Post
The Real-Time Payments Trends TCH’s Product and Strategy Head is Watching
Insider Intelligence
“Faster and real-time payments are having a moment. Faster payments adoption among organizations grew 10% year over year (YoY) in 2021, per data from the US Faster Payments Council and Glenbrook Partners. And that’s accelerated this year as payment systems like The Clearing House’s Real-Time Payment (RTP) network innovate and the Federal Reserve’s FedNow launch nears. Companies like FIS have also rolled out solutions that let businesses and consumers transfer money quickly and seamlessly. Real-time payment innovations will help set a new standard for the US transaction system and speed up the transition away from cash. Below are highlights from Insider Intelligence’s conversation with James Colassano, senior vice president of product development and strategy at The Clearing House (TCH).”
October 12, 2022
On the web
The Clearing House Joins the Open Invention Network
GlobeNewswire News Room
“Open Invention Network (OIN), the organization formed to safeguard open source software (OSS) and now the largest patent non-aggression community in history, announced today that The Clearing House (TCH) has joined as a community member. As the nation’s most experienced payments company, operating U.S.-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image and real-time payments, TCH is reinforcing its commitment to OSS as an enabler of advanced financial services payment platforms.”
October 6, 2022
On the web
Immediate Cross-Border Payments (IXB) Pilot Set to Revolutionize International Payments
The Clearing House
“EBA CLEARING, The Clearing House (TCH) and SWIFT announced today that the delivery of the Immediate Cross-Border Payments (IXB) pilot service is on track and is set to revolutionize cross-border payments. The IXB pilot service will leverage the existing real-time payment systems RTP® in the United States, run by TCH, and RT1 in Europe, run by EBA CLEARING. IXB will begin processing the first live transactions in the euro and U.S. dollar currency corridor in the coming months. Developed with the support of 25 financial institutions from both sides of the Atlantic, the IXB pilot has been progressing during the past six months, resulting in the timely delivery of the IXB solution processing the technical messaging between the pilot institutions engaged in the testing and the respective payment systems. End-to-end testing between RTP, the IXB app and RT1 is ongoing with user integration and testing following shortly thereafter.”
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