In the year since the late 2017 launch of the RTP network, the real-time payments platform from The Clearing House, the banking industry has made remarkable progress toward reaching faster… Continue Reading
The RTP Network Turns 1: TCH’s Commitment to Faster Payments
November marks a year since The Clearing House (TCH) processed the country’s first payment to clear and settle in real time, a step that represents a major leap forward for… Continue Reading
Speed and Information: The Future of Payments
Historians may look back at 2018 as a pivot point for the U.S. banking system. Just a decade after the nadir of the 2008 financial crisis, this year will likely… Continue Reading
SunTrust CEO Bill Rogers Discusses Role Banks Play in the U.S. Economy
Jim Aramanda, TCH: Bill, thank you for joining me. Give me your top-line thoughts about the banking industry today. Bill Rogers, SunTrust: Thanks, Jim. Banks have never been better positioned… Continue Reading
A Matter of Trust
We invite all participants in the financial services ecosystem – including FinTechs, data aggregator intermediaries, financial institutions, regulators, consumer associations, and bank associations – to take part. … Continue Reading
Tokenization Secures Mobile Payments
CITI HAS BEEN on a decade-long journey toward becoming an always-on financial partner in our customers’ day-to-day lives. As a company, we’re positioned to show up where our customers want… Continue Reading
Crypto-Assets: What Are They and Why Do We Care?
The migration of assets – from land, commodities, and specie through paper records to electronic records – has been driven in large part by a desire to reduce transaction costs… Continue Reading
Tokens and the Travel Rule
One of the greatest challenges we face today in our high-tech, interconnected world is protecting sensitive data from sophisticated cybercriminals and nation-states. Of course, the best way to protect this… Continue Reading
Unintended Consequences?
Alaina Gimbert and Rob Hunter wrote an excellent piece in Banking Perspectives earlier this year about how fraud in the Central Bank of Bangladesh affects SWIFT’s recent Customer Security Programme… Continue Reading
Should Non-Bank Payment Firms Be Eligible to Open Federal Reserve Bank Accounts
NON-BANK PAYMENT FIRMS play an important and highly visible role in the rapidly changing modern payment ecosystem. However, almost without exception, these firms are unable to participate directly in U.S…. Continue Reading
Bank Conditions Index Q2 2018
The Bank Conditions Index (BCI), which provides a summary measure of the condition of the U.S. banking system, rose in the second quarter of 2018, as shown in Exhibit 1…. Continue Reading
Strengthening and Streamlining Bank Capital Regulation
EDITOR’S NOTE: This article is excerpted from a paper of the same title, published in Brookings Papers on Economic Activity in Sept. 2017. IN THE WAKE of the global financial… Continue Reading
Billing Technology: The Next Generation
The Clearing House’s RTP (Real-Time Payments) network will propel faster payments and bring in the next generation of billing technology. As a provider of integrated electronic billing and payment solutions,… Continue Reading
RTP: An Opportunity to Show Leadership
THE PROSPECT OF RTP (Real-Time Payments), with near-instantaneous execution of interbank payments, is no longer the financial industry’s best-kept secret. No longer will anyone have to wait for funds to… Continue Reading
RTP Closes Payment Gaps
THE INTRODUCTION OF REAL-TIME payments will assist organizations in closing some current gaps. Present electronic payments with strict cutoff times for processing and uncertainty over the exact timing of payment… Continue Reading
Why RTP Matters
AS THE CLEARING HOUSE’S RTP (Real-Time Payments) platform rolls out across the United States, the conversations within the market have shifted beyond the technical mechanics of messaging, speed of payment,… Continue Reading
RTP: This Train Is on the Track
EVER SINCE THE FEDERAL RESERVE convened its Faster Payments Task Force in 2015, we’ve been hearing a louder and louder drumbeat about the need for faster or real-time payments. As… Continue Reading
Real-Time Payments: An Investment in the Future
THE PROMISE OF REAL-TIME PAYMENTS is tantalizing for corporates and banks alike. Seamless, immediate, and frictionless client experiences, improved treasury efficiency, and the potential for reduced fraud exposure are among… Continue Reading
It’s Time Your Payments Caught Up to the Way You Do Business: In Real Time
RTP (REAL-TIME PAYMENTS) from The Clearing House is the most significant digital transformation in payments in more than 40 years. RTP capabilities are the first step to digital transformation across… Continue Reading