Clearing House Issues Statement on Federal Reserve Announcement to Develop Real-Time Payments System
August 05, 2019
August 05, 2019
NEW YORK, Aug. 5 -- 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 . . .
"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 . . .