Real-time payments

Heavy demand for fast payments in small banks' trial run


A California startup and a century-old Missouri bank, which began using The ClearingHouse's real-time payments network this summer, say businesses have embraced the technology to pay suppliers and gig-economy workers and quickly close real estate deals.


Using payments tech to punch above your weight


Nano Banc's president, Mark Troncale sits down with PaymentsSource's senior editor Kate Fitzgerald to discuss how the fintech decided to be amongst the first wave of small-to-midsize banks adopting The Clearing House's real-time payments solution. So how did it go?


FedNow? More like FedLate.


The Fed's faster payments platform may well roll out in three or four years, but by then it will already be outdated.


Fed to have payments service ready 'as soon as practicably possible'


The central bank released new details about FedNow, which officials hope to get off the ground before a 2023 or 2024 target launch date.


House passes appropriations amendment to fund postal banking


The measure would release $2 million in funding for the U.S. Postal Service to launch pilot programs to provide basic services such as checking accounts and bill payment.


Coronavirus prompts renewed calls for postal banking, faster payments


Millions of Americans have yet to receive their stimulus checks, leading progressives to demand reforms improving underbanked consumers’ access to the financial system.


We shouldn't have to wait for FedNow to have faster payments


The Fed can take steps now to speed up existing networks.


‘We want to take the time to get it right’ — Fed’s Montgomery on FedNow


Ken Montgomery, who is heading up the Federal Reserve's faster payments network, says the agency is taking an incremental approach to launching the service.


Why the Fed is taking an incremental approach to faster payments


To address immediate market demand but allow time for the project to be done right, the official leading implementation of FedNow says the central bank envisions an initial release in 2023 or 2024 followed by subsequent updates.


BNY Mellon’s early adoption of real-time payments paying dividends


The bank was one of the first users of The Clearing House's RTP network. Andrew Haskell explains how faster payments are helping the bank and its clients.