Discover the latest in #payments with this week’s record-breaking #WeekendReads! 1. A Panoply of Factors Help Drive Record Volume for the RTP Network https://lnkd.in/e4cYy44J / Digital Transactions 2. Currencies’ Digital Race on Payment Rails https://lnkd.in/eRVUB2Yf / Finextra 3. Congress Pushes For US Payments System Expansion; Could Benefit Companies’ Working Capital https://lnkd.in/gG7rHM3m / Payments Dive 4. Instant Payments: Sit Back at Your Own Risk https://lnkd.in/eByqJdzi / Bank Director 5. Global Real-Time Payments to Top $58T by 2028 https://lnkd.in/ekbdPXH9 / PYMNTS
The Clearing House
Financial Services
New York, NY 16,813 followers
Delivering safe and reliable payments systems, such as the RTP® network – an innovative real-time payments platform.
About us
The Clearing House is a banking association and payments company owned by the largest commercial banks, and dates back to 1853. The Clearing House Payments Company L.L.C. owns and operates core payments system infrastructure in the United States and is currently working to modernize that infrastructure by building a new, ubiquitous, real-time payment system. The Payments Company is the only private-sector ACH and wire operator in the United States, clearing and settling nearly $2 trillion in U.S. dollar payments each day, representing half of all commercial ACH and wire volume. Its affiliate, The Clearing House Association L.L.C., is a nonpartisan organization that engages in research, analysis, advocacy and litigation focused on financial regulation that supports a safe, sound and competitive banking system.
- Website
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http://www.theclearinghouse.org
External link for The Clearing House
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 1853
- Specialties
- Payments, Advocacy, and Thought Leadership
Locations
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Primary
1114 Avenue of the Americas
New York, NY 10036, US
Employees at The Clearing House
Updates
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Registration is open for The Clearing House Annual Conference 2024! Now in its 12th year, The Annual Conference is the “go to” event on financial services and #payments issues, featuring C-suite industry executives, policymakers, and other #banking industry experts. Learn more and register today! https://lnkd.in/gfFzXj4s
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82M RTP transactions. $55B in value. Another standout quarter for the #RTP® network. 📈 We're proud to close out the first half of 2024 with continued momentum as demand for #InstantPayments soars. Financial institutions on the RTP network are seeing deposits grow, while meeting customer expectations for instant payments. Learn more: https://lnkd.in/gjBTirvf
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The Clearing House hosted a panel on Women in Technology: Best Practices for Attracting, Developing and Retaining Talent panel, featuring Rachel Brown, Citi; Zeba Khan, EY; Augusta Sanfilippo, Independent Industry Consultant; and Desiree Giangiulio, TCH. Lee Alexander, TCH’s EVP & CIO moderated the discussion. Key takeaways: -- the importance of empowering/supporting other woman in the workplace -- setting measurable targets for #equality in the workplace -- the value of #diversity in the workplace -- the importance of senior leadership to promoting equality and championing woman in the technology field -- recognizing and overcoming biases in an organization -- building your own brand -- flexible work arrangements are important for attracting/retaining talent -- don’t be afraid to ask for help/compensation/resources/added responsibilities
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The B2B landscape is transforming as businesses adopt digital payments. Our RTP® network is at the forefront, driving digital transformation and automation in B2B payments, ensuring reliable, secure, and cost-effective transactions. TCH VP of RTP® Product Development Cheryl Gurz highlights how 'precision' #instantpayments are essential for businesses: https://lnkd.in/eznTK_RW
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Get ready to spark your interest with the latest #payments news in this week’s #WeekendReads. 1. Escrow Payments Being Made Instantly https://lnkd.in/gM9Pkzg5 / CUToday 2. Takeaways From the CU*Answers 2024 Leadership Conference https://lnkd.in/gUC6NgBv / CUSO Magazine 3. BIS Plans to Expand World’s Instant Payment Systems https://lnkd.in/ecgb8rdy / PYMNTS 4. The Rise of Instant Payments: Protecting Consumers From Criminals in 10 Seconds https://lnkd.in/edpgFSsv / FinTech Futures 5. Interlinked Systems Are Revolutionizing Cross-Border Fast Payments https://lnkd.in/e95tDUea / The Banker
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As payments volume on RTP® rises and surpasses $1 billion per day, The Clearing House SVP Rusiru Gunasena spoke with Digital Transactions on what's next for #InstantPayments. Read here: https://lnkd.in/g8yXFGdt #RTP
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Dive into this week’s #WeekendReads for the latest payments news. 1. Frost Bank taps Finzly for FedNow and RTP instant payments https://lnkd.in/e8CHhrhW / Finextra 2. Citi Launches Real-Time Funding Solution To Keep Up With RTP Adoption https://lnkd.in/emdwfyZD Bank Automation News 3. Preparing for ISO 20022: What Banks Need to Know https://lnkd.in/eTyjdn5C / American Banker 4. Most US Consumers Would Pay a Fee to Get Instant Refunds and Rebates https://lnkd.in/gWkHZc8n / PYMNTS 5. Take Your Pix: Brazil’s Instant Payments Are Heading Abroad https://lnkd.in/euZvNgaM / PaymentsJournal
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Exciting developments in #InstantPayments! Projections indicate a surge to 575 billion transactions by 2028, underscoring the industry’s rapid evolution. As a pioneer in this space with the RTP® network, TCH is committed to advancing accessibility and innovation in financial transactions. Read more about the evolving landscape on PYMNTS: https://lnkd.in/e37CQhgJ
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“For [SMBs], instant payments are really about precision ... It is precision payments, made at the time you need through your trusted banking partner. The benefits surpass so many other payment methods, in large part because the transactions are irrevocable. If you [receive] a payment at two o’clock in the afternoon, you can go ahead at 2:02 and make a payment to your supplier.” -- Cheryl Gurz, VP RTP® product development, TCH, via PYMNTS https://lnkd.in/eRNTeuDQ
The Clearing House Says Instant Payments Build Better Business Balance Sheets
https://www.pymnts.com