The Clearing House Beat the Fed to Real-Time Payments. Now What?
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The sluggish pace of the Fed’s FedNow system has created a surge of interest in The Clearing House's Real Time Payments platform, says Steve Ledford.
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Fintech News Stories
FedNow Real-Time Payments Announcement Gets Predictable Responses
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The Federal Reserve’s announcement Monday that it will build a real-time payment (RTP) system, FedNow, elicited applause and complaints.
Read MoreIs Five Years of Deliberation Over Real-Time Payments Enough?
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The Fed moves at a glacial pace on real-time payments.
Read MoreReal-Time Payments are Running Behind Schedule
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Real-time payments aren’t quite there yet at The Clearing House (TCH), which launched its real-time payments (RTP) network for the U.S. in November 2017.
Read MoreReal-Time Payments Coming…at Federal-Reserve Speed
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Ten years after the UK launched Faster Payments, the US is partway through the launch of a real-time payments network run by The Clearing House, a private corporation owned by 25 of the largest banks in the country. It will be the first new rails in electronic payments in four decades.
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