The Clearing House

Find all the #payments stories you need to know in this week’s #WeekendReads ?? 1. A Key Payment Standard Keeps Getting Delayed. Here's why https://lnkd.in/enAntmYu / American Banker 2. Real-time Payments Are at a Tipping Point, Bedeviled by Fears of Risk https://lnkd.in/eU36mSqe / The Financial Brand 3. Bank of America Says Real-Time Payments Connect Businesses to Working Capital https://lnkd.in/evGNpbMj / PYMNTS 4. Digital Payments to Exceed $33.5 Trillion by 2030: Report https://lnkd.in/ewd3eJPW / Payments Dive 5. New Data Shows Late B2B Payments Undermine Growth https://lnkd.in/e7yi6VwV / Digital Commerce 360

When offered, customers are consistently choosing instant payments. Businesses and consumers are turning to instant payments to avoid delays or potential late fees when paying bills and enjoy the ease of knowing that their money has been moved immediately. By adopting the ability to send instant payments on the RTP? network, financial institutions (FIs) can enhance their offerings, provide their customers with a more efficient way to handle their finances, and increase overall customer satisfaction. Check out this article from PYMNTS summarizing their collaborative report with The Clearing House that offers in-depth analysis and actionable insights on the instant payments landscape. #instantpayments #PYMNTS #RTP

For financial institutions on the?RTP? network, adding send capabilities not only creates a complete instant payments experience, it allows them to stay competitive in a market where customers can access and interact with their finances at any time.?When ABNB Federal Credit Union joined the RTP? network in May 2024, it embarked on a journey to modernize its payment capabilities and redefine how it serves its members. Learn the story of how the Virginia-based credit union partnered with Alacriti to build an #instantpayments offering with receive and send from ABNB’s Cassandra Tucker and Alacriti's Mark G Majeske ?https://lnkd.in/efi2pDc7 #RTP #realtimepayments

Keep up with the latest #payments news by exploring this week’s #WeekendReads ?? 1. How a Virginia Credit Union Got Onboard with Sending Real-Time Payments https://lnkd.in/eABj53wg / American Banker 2. TCH Daily Payments Value Double to $2.5B in 6 Weeks https://lnkd.in/eqkYP2gJ / Bank Automation News 3. Real-Time Payments Spike With $10M Transactions, Digital Wallet Boom https://lnkd.in/eHivGRGW / PYMNTS 4. Fintech Plaid and Dwolla Expand Integration, Unified API Available to Enterprise Clients https://lnkd.in/ePrFZSa2 / Crowdfund Insider 5. Payments Firm ‘For Sale’ Signs Pop Up As Buying Interest Swells https://lnkd.in/eD7-XS7t / Payments Dive

By enabling send capabilities, financial institutions of all sizes can take full advantage of instant payments. When ABNB Federal Credit Union added send capabilities in November 2024, just before the holiday rush, the results exceeded expectations. Director of Operations at ABNB, Cassandra Tucker, joins the Payments Nerds podcast to discuss the work that went into enabling their members to send instant payments and shows that smaller FIs can be leaders in instant payments adoption. Listen to the episode here: https://lnkd.in/gzEAMfJu #PaymentsNerds #RTP #InstantPayments

At Fintech Meetup, President and CEO David Watson joined Thomas Warsop, ACI Worldwide; Carlos Netto, Matera;?Ravi Adusumilli,?Airwallex; and Shamir Karkal, Sila to discuss "What the US Can Learn from Global Markets’ Adoption of Real-Time Payments." Key points from the session include: ? There is growth, crazy growth, with all types of payments. The Clearing House’s four payment networks all grew in 2024. It's not about the RTP network replacing ACH or wire ... payments are growing across the board. ? The RTP network already reaches 72% of DDA accounts in the U.S., and some companies report they reach can close to 90% of their customers on the RTP network today ?? The U.S. is a market driven economy. That is our biggest strength. Market driven innovation is much stronger than advancements driven by other forces, such as a government mandate. ? QR codes drive 50% of instant payments in Brazil, which amount to 6 million payments a month. Will QR codes play a role in the U.S. in the future? #FintechMeetup #Fintech #payments #instantpayments

We’re here at #ICBALive! Stop by booth #249 to meet The Clearing House’s Rusiru Gunasena, Amy Smith, AAP, CAE, and Cameron McCool and learn how community banks can benefit from our payments rails. Find out how your bank can leverage the rapid growth of instant payments on the RTP? network to attract new customers, remain competitive, and keep deposits in your account. Looking forward to meeting everyone this week. ICBA #payments #instantpayments #communitybanks?

The Clearing House’s Chief Product Officer, Margaret M Weichert, joins Mastercard’s Alan Marquard, Executive Vice President, Commercial & New Payment Flows, and host Shaun Ferrari on the P.I.T. Exchange podcast live at the Central Bank Payments Conference for an engaging discussion on the challenges of introducing a new payment rail, the relationship between banks and fintechs in the payments ecosystem, and trends in the wider payments landscape. Listen to the latest episode here: https://lnkd.in/eZqFKJCr #instantpayments #RealTimePayments #PITExchange

As U.S. financial institutions increasingly adopt #realtimepayments, what lessons and successes can they learn from implementation in global markets? Hear from The Clearing House President and CEO David Watson at Fintech Meetup, where he and other industry leaders discuss how collaboration within the payments ecosystem is helping to drive market demand and spurring?#instantpayments growth in the U.S. #instantpayments #RTP #fintech

Thank you to American Banker for an insightful few days at the #PaymentsForum, where we participated in leading discussions on both instant payments and the value of diversity and inclusion in the industry: - Elena Casal, along with a panel of industry leaders, detailed how demand from both consumers and businesses for speed, 24/7 access to funds, and improved cash flow are powering #instantpayments adoption - Elena joined Rob Nardelli to discuss how the strategic partnership between The Clearing House and DailyPay is revolutionizing money movement, particularly for earned wage access, giving employees more control and flexibility over their finances - Linda Markcoons and Esther Shin were honored for the Most Influential Woman in Payments Award and Most Influential Woman in Payments: NEXT award, respectively, for their leadership and expertise in navigating an evolving industry #instantpayments #womeninpayments #payments