Tuesday , February 11, 2025

RTP Passes 1 Billion Mark and other Digital Transactions News briefs from 2/3/25

  • The Clearing House Payments Co.’s Real Time Payments Network said it passed 1 billion cumulative payments on Friday. The network, operated by TCH since 2017, also set single-day records Friday for number of payments, at 1,592,419, and value, at $1.44 billion. New York City-based TCH is owned by 20 large commercial banks.
  • President Donald Trump over the weekend fired Rohit Chopra, director of the Consumer Financial Protection Bureau. There was no immediate indication of a successor to Chopra, who had held the position since 2021. Treasury Secretary Scott Bessent is serving as acting head of the bureau until a permanent director can be confirmed.
  • Bluevine Inc., a banking fintech that offers debit and credit card services, said its users can now synchronize banking data with Xero Ltd., an accounting platform.
  • Digital identity verification provider Socure said its platform verified more than 2.7 billion identity requests in 2024 that represented 370 million unique identities. More than 2,800 organizations use Socure.
  • The Small Business Index reading for January was 147, up one point from December, led by services businesses, according to Fiserv Inc., which compiles the index as an indicator of overall U.S. small-business health. However, spending at small restaurants dropped 1.7% year-over-year, even though foot traffic rose 6.5%. The negative result stemmed from smaller average tickets as consumers reacted to inflation, the Index says.
  • Mastercard Inc.’s latest promotion involves a collaboration with singer and musician Lady Gaga and her new music video, “Abracadabra.”

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