Tch news and trends

First the Launch, Then the Execution: FedNow Turns One
Real-Time Payments // July 23, 2024

It’s easy to generate buzz — harder to generate results. As PYMNTS continues to interview key executives about the first year of the FedNow® Service, it’s apparent that the Federal Reserve’s instant payments network has done both, and its customers are grateful. Eric Foust, vice...

Instant Payments Versus Stablecoins: The Race to Rule Real-Time Transactions
Payment Methods // July 11, 2024

The future of money movement is accelerating globally. With real-time payments on the U.S. RTP® Network and in Europe setting new usage records, and awareness of instant payments growing in the U.S. since the launch of the FedNow® Service last July, organizations and observers may...

The Clearing House Says Instant Payments Build Better Business Balance Sheets
Real-Time Payments // June 20, 2024

Cash flow is the lifeblood of any business. That’s why many of the most exciting innovations within payments are aimed at helping businesses build better balance sheets and support healthy growth. And with the advent of instant payments, the first new domestic payments rail in...

MUFG Bank and Crédit Agricole Complete First ISO 20022-Aligned Payment on CHIPS
Payment Methods // April 17, 2024

The first payment in the ISO 20022 message format on the CHIPS network was completed by Japanese financial institution MUFG Bank and European financial institution Crédit Agricole Corporate & Investment Bank, The Clearing House said in a Wednesday (April 17) press release. “We congratulate Crédit Agricole Corporate & Investment Bank and MUFG for completing...

Interviews & Exclusives
First the Launch, Then the Execution: FedNow Turns One

July 23, 2024
It’s easy to generate buzz — harder to generate results. As PYMNTS continues to interview key executives about the first year of the FedNow® Service, it’s apparent that the Federal Reserve’s instant payments network has done both, and its customers are grateful. Eric Foust, vice president of banking partnerships for North America at open banking […]

The Clearing House Says Instant Payments Build Better Business Balance Sheets

June 20, 2024
Cash flow is the lifeblood of any business. That’s why many of the most exciting innovations within payments are aimed at helping businesses build better balance sheets and support healthy...

NCR Voyix Warns on Instant Payments Adoption Delays

April 17, 2024
Real-time payments have enjoyed optional status up to this point. But they are quickly becoming an essential competitive factor for financial institutions (FIs), especially in sectors like real estate and...

CHIPS ISO 20022 Migration Means Smoother Cross-Border Activity

April 11, 2024
A migration to a new standard — a common payment processing language — for cross-border payments is no mean feat. Legacy tech, the shift to straight-through processing, staggered industry timelines...

Quick Reads
MUFG Bank and Crédit Agricole Complete First ISO 20022-Aligned Payment on CHIPS

April 17, 2024
The first payment in the ISO 20022 message format on the CHIPS network was completed by Japanese financial institution MUFG Bank and European financial institution Crédit Agricole Corporate & Investment Bank, The Clearing House said in a Wednesday (April 17) press release. “We congratulate Crédit Agricole Corporate & Investment Bank and MUFG for completing the first payment in the ISO 20022 message format on […]

CHIPS Marks Migration to ISO 20222 Messaging

April 10, 2024
The Clearing House says its CHIPS network has migrated to the ISO 20022 messaging format. The adoption of this format by CHIPS (Clearing House Interbank Payment System) enhances the efficiency of payments...

The Clearing House: CHIPS Saved Users $4.9 Billion in 2023

April 02, 2024
The Clearing House said its CHIPS system saved participants $4.9 billion in 2023. Those savings were derived from the CHIPS (Clearing House interbank payment system) liquidity savings algorithm to the...

The Clearing House Appoints Truist’s Sal Karakaplan as Chief Strategy Officer

December 11, 2023
U.S. payments network operator The Clearing House (TCH) is onboarding a new chief strategy officer (CSO). Sal Karakaplan will be joining the company, bringing over 25 years of experience in banking and payments...