The Clearing House

Avidia Bank to Implement the RTP® Network from The Clearing House

Retrieved on: 
Thursday, May 16, 2019
Financial services, Economy, Finance, Banking in the United States, Banking in the United Kingdom, Banking, Avidia Bank, Clearing, Transaction account, Bank, The Clearing House, Faster Payments Service

HUDSON, Mass., May 16, 2019 /PRNewswire/ --Avidia Bank announced that it has committed to bringing real-time payments capabilities to its customers through the RTP network developed by The Clearing House (TCH).

Key Points: 
  • HUDSON, Mass., May 16, 2019 /PRNewswire/ --Avidia Bank announced that it has committed to bringing real-time payments capabilities to its customers through the RTP network developed by The Clearing House (TCH).
  • By implementing the RTP network, Avidia Bank joins a growing number of financial institutions offering advanced new capabilities to their customers.
  • The RTP network currently reaches more than 50% of U.S. demand deposit accounts and is on track to achieve ubiquity in 2020.
  • "The Clearing House is excited to partner with Avidia Bank and to work with them to bring faster payments to their customers," said Jim Aramanda, CEO of The Clearing House.

Aliaswire Wins 2019 NACHA ACH Network Challenge Award

Retrieved on: 
Wednesday, May 8, 2019
Economy, Financial services, Money, E-commerce, Banking in the United States, Federal Reserve System, NACHA, Automated Clearing House, ACH Network, ACH, The Clearing House, IAT

BURLINGTON, Mass., May 8, 2019 /PRNewswire/ --Aliaswire, Inc., a leading, payments processing technology innovator, has won the National Automated Clearing House Association's (NACHA) 2019 ACH Network Challenge Award.

Key Points: 
  • BURLINGTON, Mass., May 8, 2019 /PRNewswire/ --Aliaswire, Inc., a leading, payments processing technology innovator, has won the National Automated Clearing House Association's (NACHA) 2019 ACH Network Challenge Award.
  • Just a week before, Aliaswire won the 2019 Electronics Transaction Association's (ETA) Technology Innovation Award for its PayVus platform.
  • NACHA's ACH Network Challenge is part of the not-for-profit organization's efforts to move its (Automated Clearing House) electronic funds-transfer network from single, next-day settlement to multiple, same-day and next-day settlement options that would be available for virtually any ACH Network transaction.
  • NACHA is the administrator of the ACH Network and is responsible for setting and enforcing operating rules, by which users of the global ACH Network must abide.