Several groups are developing real-time payments systems for the U.S., and most everyone agrees success is inevitable, but how quickly they can make enough progress to satisfy consumers is a point of contention.
Recommendations for a framework to develop a "universal security baseline" to protect sensitive payment data at rest and in transit remains a key goal of the Federal Reserve faster payments initiative.
After more than two years of work on its real-time payments rail, The Clearing House senses it has the proper plumbing in place to make any new system hum. And the one thing it wants to make clear: This isn't your father's ACH.
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.