US banks complete first transaction using real-time payments system

First new core payments system in the US in more than 40 years initiates first live payments — The Clearing House — “’RTP is one of the most important payment transformation efforts in our industry. It goes far beyond helping financial institutions address the legacy challenges of payment processing in the US (speed, transparency, cost) and improving the client experience. Bringing online a truly real time, two way, 24×7 payment and messaging system will create new scenarios and entire new markets in ways we have not even anticipated,’ said Ian Stewart, CEO of BNY Mellon Treasury Services.”


The Clearing House to secure real-time payments system with tokenization

Mastercard and The Clearing House partner on tokenization solution — Mastercard — “The Clearing House (TCH) and Mastercard announced they are partnering to enable TCH to provision and manage Mastercard-branded tokens on behalf of banks… The Clearing House will launch its card tokenization solution in the next quarter, and is in the process of extending tokenization to other networks it manages, including Real-Time Payments (RTP).”


US pilot for real-time payments system

Financial services provider FIS and banking association The Clearing House (TCH) are to pilot a real-time payments system with financial institutions in the US in the first quarter of 2017, with an initial focus on bill payments... More



TCH plans real time payments

The Clearing House (TCH) and its member banks are planning to build a real-time payment system in the US that will enable consumers and businesses to send and receive immediate payments directly from their accounts... More



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