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May 6, 2021

On the wires

CEOs Support Intelligent Bill Pay Capability on the RTP® Network

“We are making the investments needed to deliver a new bill-pay experience in our customer mobile and online channels. Billers will be able to present a bill securely through a bank’s digital channel using a RfP (Request for Payment) message over the RTP network. Customers will review the bill, pay immediately, or schedule the payment for a future date. For billers this represents an opportunity to reimagine their customers’ payment experience, providing added convenience, while delivering meaningful processing efficiencies. Later this year, 40% of digitally enabled U.S. consumer accounts are expected to support this new customer experience. Core technology and bill pay providers are also introducing this capability and will make it available to their bank and credit union clients.”

May 4, 2021

On the wires

Fiserv, FIS, Jack Henry and TCH Bring Real-Time Payments to Minority-Owned Depository Institutions

In order to extend the benefits of real-time payments to more individuals and small businesses, Fiserv, FIS, Jack Henry, and The Clearing House announced today they are jointly funding the onboarding fees of minority-owned depository institutions (MDIs) joining the RTP® network, the real-time payments network operated by The Clearing House. This program will be available to MDIs that utilize Fiserv core processing solutions and agree to join the RTP network in 2021.

April 27, 2021

On the wires

Mazooma and Fifth Third Bank Are the First to Bring Instant Withdrawals to the $150B+ U.S. Sports Wagering and IGaming Markets

“A partnership between Mazooma, the gaming industry leader for bank account-based payments, and Fifth Third Bank, N.A. is bringing real-time withdrawals to sports wagering and iGaming industries through the RTP® network from The Clearing House. The offering, now live for all of Mazooma’s operators, enables players to receive payouts immediately into their bank accounts, safely and securely, 24/7/365. Immediate payouts are a win-win for both players and operators. Players enjoy peace of mind with the option to access their winnings instantly. For the gaming operator, real-time withdrawals offer a better user experience than any other payment method available.”

April 20, 2021

On the web

Why Wells Fargo and First Internet Are Test-driving FedNow


“Dozens of banks are gearing up for the Federal Reserve’s real-time payments system, which is expected to go live as early as 2023. More than 110 have signed up to test FedNow, including Wells Fargo and First Internet Bancorp in Fishers, Ind. Executives at these two early-adopters agreed to interviews about what they’re hoping to get out of it and how they’re preparing for it. Those insights could be helpful to the many more banks that are still on the fence about which fast payments system to join, if any. The $4.2 billion-asset First Internet said customers don’t want to wait a long time for transactions to close, according to Anne Sharkey, senior vice president of operations of the online-only bank.”

April 6, 2021

On the wires

Dwolla Unlocks Real-Time Payments

Dwolla , a modern payments platform, releases access to Real-Time Payments, an instant* payment option that can send money directly to a bank account in seconds using the RTP® Network. Dwolla’s solution for programmable Real-Time Payments powered by Cross River Bank comes after a decade of experiences in faster payments. The company contributed to the Federal Reserve Faster Payment Task Force and Mojaloop initiatives in partnership with the Bill and Melinda Gates Foundation to truly refine a customer-centric real-time experience. Today, businesses can integrate Dwolla’s payment API to connect with RTP-enabled financial institutions and send funds within seconds to a bank account. Existing clients can change a single line of code to initiate an RTP transaction using the Dwolla API.”

March 3, 2021

On the web

Inside Dwolla’s Efforts to Find a Formula for Faster Payments


“It’s a sample of what Dwolla has been after in recent years — and the Des Moines-based fintech says it has landed a major RTP partnership it will reveal in the coming weeks, bringing more faster payments capabilities to the U.S. market through Dwolla technology. “I did some recent research on Dwolla and am pretty impressed, because five years ago I could not really determine what the company was trying to do, it lacked a sense of direction,” said Talie Baker, senior analyst at Aite Group.”

March 2, 2021

On the wires

Payments Canada Selects Interac Corp. As the Exchange Solution Provider for Canada’s New Real-time Payments System, the Real-Time Rail

“Payments Canada announced today the selection of Interac Corp. as the exchange solution provider for Canada’s real-time payments system, the Real-Time Rail (RTR) . This announcement follows a selection process that included participation from the Bank of Canada. The exchange solution provided by Interac will allow Payments Canada members participating in the RTR to send and receive RTR payment messages. The partnership will leverage Interac’s existing infrastructure in Canada’s payment ecosystem and its existing connectivity to nearly 300 financial institutions. To enable the settlement of RTR payments in real-time, the exchange solution will interface with the clearing and settlement solution being provided by Mastercard’s Vocalink .”

February 25, 2021

On the wires

Early Warning Services and The Clearing House Now Enable Zelle® Payments on the RTP® Network

“Early Warning Services, LLC and The Clearing House (TCH) today announced Zelle® transactions can now be cleared and settled over the RTP® network . “Demand for faster payments has never been higher, and today’s integration milestone eliminates lengthy and costly legacy processes that have long been barriers to many real-time payment settlements between financial institutions,” said Lou Anne Alexander, chief product officer, Early Warning Services .”

February 3, 2021

On the wires

ACI Worldwide Powers Real-Time Payments Growth for Thailand’s National Interbank and Transaction Management and Exchange (ITMX)

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced that Thailand’s National Interbank Transaction Management and Exchange (ITMX) has successfully implemented ACI’s real-time payments solution to modernize Thailand’s bulk payments processing system and support continued real-time growth.”

January 12, 2021

On the wires

Wells River Savings Bank to Implement the RTP Network | The Clearing House

“Wells River Savings Bank, a community bank in Vermont, announced that it has committed to bringing real-time payments capabilities to its customers through the RTP® network developed by The Clearing House (TCH). Wells River will gain access to the RTP network through SHAZAM, Inc., a national debit-branded network and provider of core, EFT and other financial services to community financial institutions, while Atlantic Community Bankers Bank (ACBB) will provide funding agent capabilities.”

December 16, 2020

On the wires

December 10, 2020

On the wires

Scotiabank 1st to Offer Real-Time Payments in Canada through Interac e-Transfer® for Business

“Scotiabank is the 1st financial institution in Canada to offer real-time payments for all business banking customers using flexible routing options like an account number or email address, using Interac e-Transfer® for Business. This, along with data-rich remittance information will make it easier for businesses of all sizes to pay one another and reconcile transactions in real-time.”

December 3, 2020

On the wires

ASC X9 Forms Real-time Payments Study Group; Participants Sought

“Today the Accredited Standards Committee X9 Inc. ( X9 ) announced the formation of a new study group focused on faster/real-time payments. The study group will review real-time and faster payments activity in the financial industry, with the intent to become X9’s central point of contact for all related and supporting X9 technical standards and to coordinate related work within X9. People with interest in real-time payments are invited to join the X9 Real-time Payments Study Group.”

November 12, 2020

On the wires

Payments Canada selects Mastercard’s Vocalink as the clearing and settlement solution provider for Canada’s new real-time payments system, the Real-Time Rail

“Payments Canada today announced the selection of Mastercard’s Vocalink as the clearing and settlement solution provider for the country’s new real-time payments system, the Real-Time Rail (RTR). This announcement follows an extensive procurement process that included the Bank of Canada and the Department of Finance. The partnership will draw on Mastercard’s expertise, and its next-generation real-time payments technology to provide the infrastructure and services to support the clearing and settlement for the RTR. The clearing and settlement solution will meet all Payments Canada requirements, including support for the ISO 20022 messaging standard, and will comply with the Bank of Canada risk management standards for prominent payment systems.”

October 27, 2020

On the wires

Early Warning and The Clearing House Complete Critical Integration Milestone of the Zelle® and RTP® Networks

“Early Warning Services, LLC. (EWS), the owner and operator of the Zelle Network®, and The Clearing House (TCH), the operator of the RTP® network, today announced that financial institutions can now settle Zelle payments over the RTP network, the real-time payment system in the United States. PNC Bank and U.S. Bank have successfully completed a pilot of the integration, transmitting money using Zelle over the RTP network. Additional FIs will integrate the two networks and start testing later this year. This is a critical milestone in enabling FIs of all sizes to begin using both networks.”

October 26, 2020

On the wires

October 22, 2020

On the wires

Alacriti Announces Cloud-Native, End-to-End Solution for Real-Time Payments

Alacriti , a fintech company specializing in payments today announced its Cosmos for RTP solution, powered by the Orbipay Platform. Cosmos for RTP enables banks and credit unions to quickly and seamlessly connect to The Clearing House’s RTP® network and deliver innovative real-time payment services to their customers. Alacriti’s solution allows financial institutions to rapidly leverage the power and convenience of RTP to drive new revenue without the burden of significant infrastructure overhauls or capital investments.”

October 12, 2020

On the wires

September 24, 2020

On the wires

September 10, 2020

On the wires

Financial Institutions Holding 70% of U.S. Deposit Accounts Have Access to RTP® Network for Real-Time Payments

“Financial Institutions that hold 70% of demand deposit accounts (DDA) now have access to real-time payments capabilities via banking technology providers connected to the RTP® network, the real-time payment system in the United States provided by The Clearing House. With additional banking technology providers connecting to the RTP network, even more financial institutions have a technical path to offer real-time payments to their depository institution customers when their institution is ready. Jack Henry & Associates, FIS, Sherpa Technologies, PayFi, ACI, COCC, and other third-party banking technology providers have implemented streamlined processes to connect their clients to the RTP network.”

September 3, 2020

On the wires

Modern Treasury Passes $100 Million in Reconciled Volume in August, Growing at 25% Monthly

“Today, Modern Treasury, a payment operations software provider, announced that customers have reconciled over $100 million using the Modern Treasury platform in the month of August. Its treasury management and payment operations platform serves finance and engineering teams across industries including real estate, health care, financial services, and marketplaces. Reconciled dollar volume continues to grow at a compound monthly growth rate of 25%.”

August 18, 2020

On the wires

Real-Time Payments Gaining Traction Among Businesses

“Real-time payments (RTP), the emerging standard in U.S. billing and payment processing, continues to gain traction among businesses with nine out of 10 business leaders reporting interest in the network, according to Citizens Commercial Banking’s second annual Real-Time Payments Outlook. The nationwide survey of 252 corporate decision-makers found that only 9 percent currently have no plans to implement RTP, which is the biggest upgrade to the U.S. payments system since the Automated Clearing House (ACH) in 1974.”

August 5, 2020

On the wires

July 29, 2020

On the wires

5 Banks Join RTP® Network on Same Day Through Jack Henry’s JHA PayCenter™

“Jack Henry & Associates, Inc.® (NASDAQ: JKHY), a leading provider of technology solutions and payment processing services primarily for the financial services industry, continues to scale its RTP® network connectivity and for the first time five banks have joined the network on the same day. Dogwood State Bank, Raleigh, NC; First Fidelity Bank, Oklahoma City, OK; National Bank of Texas, Fort Worth, TX; Royal Bank, Elroy, WI; and Signature Bank, Rosemont, IL connected to the RTP network through JHA PayCenter™, marking the beginning of the scalable expansion of the nation’s newest real-time payments infrastructure.”

July 16, 2020

On the wires

ACI Worldwide Accelerates Real-Time Payments Modernization With New Digital Overlay Services

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced it is accelerating real-time payments modernization for its customers globally through new digital overlay services. ACI, through collaboration with Mindgate Solutions, now delivers value-added digital overlay services through its UP Real-Time Payments solution, enhancing customer experience while strengthening real-time payments offerings.”

June 18, 2020

On the wires

Chesapeake Bank Provides Faster Payments to Customers on the RTP® Network

Chesapeake Bank, a community bank serving central and eastern Virginia, has joined the RTP® network developed by The Clearing House. With the RTP network, Chesapeake Bank customers can now receive payments directly into their accounts with real-time receipt confirmation and instant availability, while also providing for advanced messaging capabilities.”

June 5, 2020

On the wires

June 4, 2020

On the wires

Huntington Launches Real-Time Payments for Consumer and Business Customers

Huntington recently launched a real-time payments capability for its customers leveraging the RTP® network, the first new payment rail in the United States in more than 40 years. Consumer and business customers can now receive payments directly into their accounts with real-time receipt confirmation and nearly instant availability. The real-time payments capability also provides improved communication between payers and payees, including messaging.”

May 26, 2020

On the wires

ACI Worldwide Expands Benefits of Real-Time Payments to Any Digital Channel for Consumers, Merchants and Billers

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced the launch of a series of new capabilities in its UP Immediate Payments solution. To address the increased demand for new real-time and digital payments during and beyond the pandemic, UP Immediate Payments now offers extended API capabilities for simple integration into any digital channel—including internet banking, mobile banking, mobile wallets, eCommerce portals, bill pay apps and social media payments.”

May 18, 2020

On the wires

Paychex Releases HR Industry’s First Real-Time Payments Solution

Paychex, Inc. , a leading provider of HR, payroll, benefits, and insurance solutions, is now the first HR solutions provider to give business owners the ability to leverage real-time payments to deliver pay to their employees immediately – a capability that has become increasingly important during the coronavirus (COVID-19) pandemic. Leveraging The Clearing House RTP® network , which is  available 24/7/365, real-time payments (RTP) provides employers an efficient way to instantly pay their employees for time worked. Offering this increased level of flexibility becomes critically important when employers need to make payroll adjustments due to time-sensitive or emergency situations.”

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