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Top fintech stories this week – 17 November 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

The Clearing House makes history with new US payments system

Too much debt

The Clearing House (TCH) has launched its 24×7 real-time payments (RTP) system, the first new core payments infrastructure in the US in more than 40 years. RTP was designed and built through the “collaborative effort” of TCH’s 25 owner banks and meets the objectives of the Federal Reserve Faster Payments Task Force. RTP is open […]

Swift teams with TCH to drive instant payments in US

New addition to Swift's network

Hot on the heels of the US Fed’s Faster Payments Task Force final report and call for the industry to implement faster payments in the US by 2020, Swift is offering a gateway, reports Paybefore (Banking Technology‘s sister publication). The global financial messaging provider says it will provide US institutions with a gateway to The […]

D+H unveils simulated tests for real-time payments

D+H ponders sale

DH Corporation (D+H) is now offering banks a cloud-based testing environment to simulate connectivity to The Clearing House’s (TCH) real-time payments system. D+H says it is the first payments hub vendor to provide banks in the US “easy and low-risk” access and with “minimal investment”. It offers an optional open API layer, where banks can […]

IBM Power8 infrastructure to support US real-time payments system

IBM working with Standard Life and ING Direct Australia

The Clearing House (TCH), the driving force behind the real-time payments modernisation in the US, has opted for IBM’s hardware. IBM’s Power8 based system infrastructure – running Linux and AIX operating systems – was selected as the hosting platform.

FIS and The Clearing House to debut US real-time payments system

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FIS and The Clearing House (TCH) are preparing to launch a pilot for a “first-of-its-kind” real-time payments system in the US. The pilot will initially focus on the bill payment use case, using FIS technology and operating via the TCH real-time payments platform. Already under development, the pilot will go live in the first quarter […]

D+H Corporation joins US real-time payments rush

D+H pledges commitment to real-time payments

US-based banking and payments software vendor D+H has joined its rivals FIS and Jack Henry in partnering with The Clearing House (TCH) for real-time payments. D+H will provide US banks and financial institutions with access to TCH’s domestic instant payments system. The system is currently being built, with the “plumbing” provided by VocaLink. The vendor’s […]

Jack Henry partners with The Clearing House for real-time payments drive

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JHA Payment Solutions, a division of Jack Henry & Associates, has teamed up with The Clearing House (TCH) as they seek to bring immediate payments to the US. TCH is currently working to build a new real-time payment system, which it will own and operate. In partnering with JHA Payment Solutions, TCH says it will […]

The Need for Speed: Modernizing Payments with ‘Faster’ Payments

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Join us for this complimentary webinar as our panel of industry experts discuss faster payments initiatives globally, with a focus on key issues and considerations for financial institutions and corporates alike, including: managing cross-border payments, faster Payments models, the legal framework, payments risk & anti-money laundering.

US and Europe set for real-time payments by end of 2017

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The US and eurozone countries both look set to have live real-time payment infrastructures by the end of 2017, both using the ISO 20022 for real-time messaging standard.

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