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Search Results for: RTP network

Mastercard Will Remain the Software Engine Behind the RTP Network

Mastercard Inc. has extended its partnership in a multi-year agreement with The Clearing House Payments Co., which operates the Real Time Payments (RTP) network. The deal continues Mastercard’s role as the network’s instant-payments software provider. The agreement will drive more volume through the RTP network by maintaining the network’s reliability …

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The Clearing House’s RTP Network Surpasses 500 Million Payments

Six years after its launch, the RTP Network surpassed 500 million real-time payments on Saturday, network operator The Clearing House Payments Co. reported Monday. The announcement at least temporarily shines the spotlight back onto the current leader in real-time payments in the wake of last week’s much-anticipated launch of the …

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Real-Time Comes to Real Estate As EMTransfer And KeyBank Enable Payments Via TCH’s RTP Network

EMTransfer LLC, a real-estate cash-management platform provider, has teamed up with KeyBank to bring real-time payments to the real-estate industry through The Clearing House Payments Co.’s RTP network. Using application programming interfaces from KeyBank, EMTransfer can connect parties involved in the real-estate closing process, such as title insurance and escrow …

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Jack Henry Takes the Early Lead on The Clearing House’s RTP Network

As real-time payments cements itself as a payments fixture, bank processors are enthusiastically signing new clients to provide the speedy payment service. Financial-institution processor Jack Henry & Associates Inc., in particular, has been enrolling merchants at a rapid pace in The Clearing House Payment Co. LLC’s Real Time Payments network. …

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Five Banks Link to TCH RTP Network and other Digital Transactions News briefs from 7/29/20

Five banks linked to The Clearing House Payments Co.’s Real Time Payments (RTP) network on a single day. The five—Dogwood State Bank, First Fidelity Bank, National Bank of Texas, Royal Bank, and Signature Bank—joined through Jack Henry & Associates Inc.’s JHA PayCenter. A Jack Henry executive said the company expects to “onboard …

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Eye on Acquiring: Fortis Expands Into Canada and Acquires SmartPay; FreedomPay Adds Visa Network Tokenization

It’s been a busy June for Fortis Payment Systems LLC. The payment facilitator and independent sales organization announced Thursday it is moving into Canada, has acquired payments provider SmartPay, and has added new funding and settlement capabilities. Also Thursday, merchant processor FreedomPay Inc. said it is integrating Visa Inc.’s tokenization …

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A Panoply of Factors Help Drive Record Volume for the Big Banks’ Real Time Payments Network

The Clearing House Payments Co. LLC reported early Wednesday its 7-year-old RTP service on June 28 exceeded $1 billion in daily volume for the first time. TCH waited a week and a half to disclose the milestone as it worked out what the factors were behind the record-setting performance, only …

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Eye on Real-Time Payments: BankSocial Debuts an RTP Service; Pidgin Enters a Correlation Collaboration

More credit unions will have access to real-time payments networks in separate deals announced Tuesday. BankSocial, a division of Fivancial Inc., launched its real-time payment service for credit unions. Meanwhile, Pidgin Inc. is working with core processing provider Corelation Inc. to enable broader real-time payments access to its clients. Dallas-based …

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Galileo’s RTP Addition and other Digital Transactions News briefs from 3/4/24

Galileo Financial Technologies expanded its relationship with The Bancorp Bank NA that now includes access to the RTP network, the real-time payments service from The Clearing Payments Co. LLC. Apple Inc. was hit with a $2 billion fine by the European Union over its European app store payment practices, CNN reported. Synchrony …

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Digital Transactions