Bank technology provider D+H Corp. is expanding its role in the expected launch of The Clearing House Real-Time Payments System by offering banks cloud-based testing to simulate a connection to that system.

Early last year, D+H partnered with The Clearing House to enable banks to use D+H's payments and various applications to access the real-time payment systems for processing and settling transactions.

D+H says its real-time initiation channels and payment hub solution simulates the execution and clearing of payments on the TCH network, making it the first payments hub vendor to provide banks in the U.S. with this type of low-risk, cloud-based testing.

"Real-time payments are the future of payments, and D+H has played an active role in their acceptance in countries around the world where the fast and efficient exchange of money is now the norm," Moti Porath, head of product management and global payments solutions for D+H, stated in a Jan. 10 press release.

D+H has real-time payments experience from working with systems in the U.K., Sweden, Australia and Singapore. The company is preparing to apply that experience to "provide a cloud-based testing environment to banks in the United States in order to help drive the adoption of real-time payments," Porath added.

Banks will be able to connect their own payment channels and apps to the D+H cloud-based testing through an application interface layer. It will help banks assess the benefits that real-time payments provide and potentially accelerate adoption of the new TCH rail.

Benefits of real-time payments for banks include enhanced operational efficiencies, access to new customers, and an increased competitive advantage, D+H stated.

The Clearing House, an operator of the Automated Clearing House, is expected to launch its real-time payments network during the first quarter of 2017.

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