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Clearing House Issues Statement on Federal Reserve Announcement to Develop Real-Time Payments System

Aug 05, 2019 - Targeted News Service

The Clearing House issued the following statement in response to the announcement by the Federal Reserve that it is proceeding with the development of its own real-time payments system, The Clearing House, which launched the country's real-time payments network in late 2017:

"Nearly two years ago TCH, the country's private sector payments operator, put into market real-time payments capabilities for the U.S. through the RTP(R) network. Today, the RTP network reaches over 51% of the demand ...