Real-time payments are the future of banking, but the transition isn’t immediate. The Clearing House Chief Client Officer Elena Casal unpacks what’s driving demand for faster payments, potential hurdles and why developing new operational frameworks could take time. Watch her interview with Suparna Goswami on Information Security Media Group (ISMG): https://lnkd.in/eUUgZRna #InstantPayments #RealTimePayments #Banking #Payments
The Clearing House
Financial Services
New York, NY 16,901 followers
Delivering safe and reliable payments systems, such as the RTP® network – an innovative real-time payments platform.
About us
The Clearing House is a banking association and payments company owned by the largest commercial banks, and dates back to 1853. The Clearing House Payments Company L.L.C. owns and operates core payments system infrastructure in the United States and is currently working to modernize that infrastructure by building a new, ubiquitous, real-time payment system. The Payments Company is the only private-sector ACH and wire operator in the United States, clearing and settling nearly $2 trillion in U.S. dollar payments each day, representing half of all commercial ACH and wire volume. Its affiliate, The Clearing House Association L.L.C., is a nonpartisan organization that engages in research, analysis, advocacy and litigation focused on financial regulation that supports a safe, sound and competitive banking system.
- Website
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http://www.theclearinghouse.org
External link for The Clearing House
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 1853
- Specialties
- Payments, Advocacy, and Thought Leadership
Locations
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Primary
1114 Avenue of the Americas
New York, NY 10036, US
Employees at The Clearing House
Updates
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Embedded Finance takes the concept of a customer-centric transaction and payment, and applies it to a wider range of financial services, spanning lending, savings, bank accounts, and insurance, says James Colassano, SVP, RTP® Product Development, in this PYMNTS video. https://lnkd.in/gR3XXtus
Embedded Finance’s Next Stop Is B2B Commerce
https://www.pymnts.com
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Check out this week’s #WeekendReads for the latest news on #payments 1. Embedded Finance’s Next Stop Is B2B Commerce https://lnkd.in/gR3XXtus / PYMNTS 2. I Will Live To See The Last Check https://lnkd.in/g_iZnu9V / Forbes 3. Banks Should Proactively Tackle Instant Payments Fraud: BNY https://lnkd.in/g3Y7K7cy / Payments Dive 4. Rethinking the B2B Cross-Border Payment Experience For a Booming Travel Sector https://lnkd.in/gsQB4Ye2 / GlobalData Plc 5. Consumers Love Their Banks (For the Most Part), But Happiness is Wearing Thin https://lnkd.in/gcDpHc8S / The Financial Brand
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Instant payments are transforming the financial landscape and the RTP® network is experiencing rapid growth. #InstantPayments are here, and help small businesses move money quickly to their deposit accounts at #communitybanks and #creditunions. Is your financial institution ready? Find out how to stay competitive and meet your business customers' needs: https://lnkd.in/dH6CnEMt
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A recent study by PYMNTS finds that #InstantPayments over the RTP® network have proven effective at driving profits for small restaurants, both by increasing customer spend and by reducing business-to-business #B2B payment headaches. https://lnkd.in/ehNhvP5B
Real-Time Payments: The Cash Flow Spice Every Restaurant Needs
https://www.pymnts.com
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ICYMI: The RTP® network hit over $1 billion in #InstantPayments on June 28. But that's not all. Read more about our record-breaking Q2 for the #RTP network 📈: https://lnkd.in/gjBTirvf
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Discover the latest in #payments with this week’s record-breaking #WeekendReads! 1. A Panoply of Factors Help Drive Record Volume for the RTP Network https://lnkd.in/e4cYy44J / Digital Transactions 2. Currencies’ Digital Race on Payment Rails https://lnkd.in/eRVUB2Yf / Finextra 3. Congress Pushes For US Payments System Expansion; Could Benefit Companies’ Working Capital https://lnkd.in/gG7rHM3m / Payments Dive 4. Instant Payments: Sit Back at Your Own Risk https://lnkd.in/eByqJdzi / Bank Director 5. Global Real-Time Payments to Top $58T by 2028 https://lnkd.in/ekbdPXH9 / PYMNTS
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Registration is open for The Clearing House Annual Conference 2024! Now in its 12th year, The Annual Conference is the “go to” event on financial services and #payments issues, featuring C-suite industry executives, policymakers, and other #banking industry experts. Learn more and register today! https://lnkd.in/gfFzXj4s
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82M RTP transactions. $55B in value. Another standout quarter for the #RTP® network. 📈 We're proud to close out the first half of 2024 with continued momentum as demand for #InstantPayments soars. Financial institutions on the RTP network are seeing deposits grow, while meeting customer expectations for instant payments. Learn more: https://lnkd.in/gjBTirvf
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The Clearing House hosted a panel on Women in Technology: Best Practices for Attracting, Developing and Retaining Talent panel, featuring Rachel Brown, Citi; Zeba Khan, EY; Augusta Sanfilippo, Independent Industry Consultant; and Desiree Giangiulio, TCH. Lee Alexander, TCH’s EVP & CIO moderated the discussion. Key takeaways: -- the importance of empowering/supporting other woman in the workplace -- setting measurable targets for #equality in the workplace -- the value of #diversity in the workplace -- the importance of senior leadership to promoting equality and championing woman in the technology field -- recognizing and overcoming biases in an organization -- building your own brand -- flexible work arrangements are important for attracting/retaining talent -- don’t be afraid to ask for help/compensation/resources/added responsibilities