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Instant Payments: The Next Great Evolution

April 11, 2025

We live in a world of instant gratification, where the demand for speed and efficiency is a defining feature of modern consumption.
The Clearing House’s ACH Network Continues Multiyear Growth Trend

April 01, 2025

The EPN^® network grew 6.2% in 2024, processing $56.4 trillion across 20.7 billion transactions, as businesses and consumers continue to favor electronic payments.
ABNB Federal Credit Union’s Instant Payments Journey: From Receive to Send with the RTP® Network

March 13, 2025

When ABNB Federal Credit Union (ABNB) joined The Clearing House’s RTP^® network in May 2024, it embarked on a journey that would not only modernize its payment capabilities but also redefine how it serves its members.
TCH Supports Appellate Review of Expansion of EFTA to Consumer Wire Transfers

February 26, 2025

TCH filed an amicus brief in support of Citibank’s motion to seek immediate appellate review of a decision by the United States District Court for the Southern District of New York that held the Electronic Fund Transfer Act (EFTA) could apply to consumer wire transfers.
Financial Institutions Support Administration’s Effort to Maintain U.S. Leadership in Digital Assets

February 21, 2025

Leading financial services trade associations voiced strong support today for the goals of the President’s Working Group on Digital Asset Markets.
CHIPS® Liquidity Algorithm Unlocks Over $5 Billion in Annual Savings, Delivering Efficiency to the Global Financial Market

February 18, 2025

The patented liquidity savings algorithm on the CHIPS^® network provided $321 billion in daily liquidity savings to participating banks in 2024.
BNY Sends Largest Instant Payment in U.S. History, $10 Million Following Transaction Limit Increase

February 11, 2025

As businesses increasingly demand faster, more secure, and transparent payment solutions, advancements in real-time payment capabilities are transforming how companies manage liquidity and streamline operations.
RTP® Network Doubles Volume in 18 Months, Surpassing 1 Billion Transactions and Driving U.S. Payment Innovation

February 04, 2025

The exponential acceleration of instant payments on the RTP^® network redefines how money moves across the United States.
TCH Moves to Join Second Merchant Lawsuit Challenging Debit Interchange Cap

January 28, 2025

The Clearing House Association and the Bank Policy Institute jointly filed a motion to intervene in Linney’s Pizza, LLC v. Board of Governors of the Federal Reserve System, a lawsuit filed in Kentucky federal court.
TCH and BPI Submit Motion for Summary Judgment in Merchant Lawsuit Challenging Debit Interchange Cap

January 11, 2025

The Clearing House Association and the Bank Policy Institute requested leave to file a cross-motion for summary judgment and supporting materials in the case of Corner Post, Inc. v. Board of Governors of the Federal Reserve System. TCH and BPI had previously filed a motion to intervene in the case, which is still pending before the court. Corner Post, a North Dakota merchant, filed the lawsuit to challenge the Federal Reserve Board’s 2011 adoption of Regulation II, which it alleges permits lenders and payment networks to charge higher debit card interchange fees than allowed by the statute (known as the Durbin Amendment). TCH and BPI argue that Corner Post’s reading of the statute is incorrect and that the court should enter judgment against the plaintiff.

To read the court filings, click here.
Skyrocketing RTP® Network Growth Sets Stage for 2025

January 09, 2025

More than $246 billion moved over the RTP^® network in 2024, up a whopping 94% from 2023, while transaction volume jumped 38% to 343 million.
Higher $10 Million RTP® Network Transaction Limit Empowers New Uses

December 05, 2024

Businesses and financial institutions support the increase of RTP^® network transaction limits to enable instant payments for higher value transactions in real estate, supply chain, inter-company transfers, large merchant settlements, and other business-to-business transactions.
CHIPS® Celebrates Black Friday by Smashing Payments Record

December 03, 2024

CHIPS cleared and settled 1,083,550 payments valued at $2.63 trillion, setting a new daily volume record.
America Loves Instant Payments, as New RTP® Network Records Show

November 13, 2024

Consumer and businesses are getting paid faster each day, to the tune of a record 31.7 million transactions in October – averaging 1 million payments per day – exclusively on the RTP^® network, the largest instant payment system in the United States that serves a growing and diverse corporate and consumer user base.
Regulators Should Take the Reins on Fintech Oversight

November 01, 2024

BPI and TCH Submit Comments to Prudential Regulators on Bank-Fintech Arrangements
TCH Submits Comments to the CFPB on Proposed Technical Changes to the Remittance Transfer Rule

October 31, 2024

The Clearing House Payments Company LLC (TCH) submitted comments to the CFPB regarding its proposed changes to certain disclosure requirements under the Remittance Transfer Rule. TCH supports the proposed rule changes that are intended to encourage consumers to contact their remittance providers about errors before contacting the CFPB or a state agency.
TCH joins BPI in Comment Letter Calling for Regulators to Directly Supervise Fintechs That Offer Banking Products

October 31, 2024

TCH and the Bank Policy Institute jointly commented on partnerships between banks and fintechs in a letter to the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Federal Reserve.
The Future of Payroll: ADP and JPMorgan Chase Champion Instant Payments

October 18, 2024

Leveraging instant payments for emergency pay, payroll corrections and off-cycle wage payments increases employee satisfaction while reducing the complexity for payroll and HR managers.
TCH Moves to Join Merchant Lawsuit Challenging Debit Interchange Cap

October 17, 2024

TCH and BPI jointly filed a motion to intervene in a federal lawsuit brought by Corner Post, a North Dakota truck stop that is challenging the Federal Reserve Board’s 2011 final rule establishing a debit card interchange fee cap.
BPI and TCH Seek to Intervene in Corner Post Case Challenging Debit Interchange Limits

October 17, 2024

The Bank Policy Institute and The Clearing House Association filed a motion to intervene today in Corner Post, Inc. v. Board of Governors of the Federal Reserve System.

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