The Clearing House

Alacriti Partners with Socure to Provide Instant Payments Fraud Prevention

Retrieved on: 
Thursday, April 13, 2023
Professional Services, Data Management, Security, Technology, Software, Finance, Fintech, Cosmos, Partnership, Business, ACH, The Clearing House, The Clearing House Payments Company, Organization, Visa, Strategic partnership, AML, Trust, Instant, Risk, Machine learning, TCH, Fraud, SVP, RTP, Clearing house, Success, Cryptocurrency, USS Alacrity (MSO-520)

Alacriti , a fintech company specializing in payments, announced today that it has partnered with Socure, the leading provider of digital identity verification and fraud solutions, to deliver third-party and synthetic identity fraud prevention for instant payments.

Key Points: 
  • Alacriti , a fintech company specializing in payments, announced today that it has partnered with Socure, the leading provider of digital identity verification and fraud solutions, to deliver third-party and synthetic identity fraud prevention for instant payments.
  • “Instant payments require real-time fraud prevention, which is not something many existing enterprise fraud systems are well-equipped to handle.
  • We are happy to see Alacriti and Socure working together to provide fraud monitoring tools to financial institutions in the real-time payments ecosystem.”
    Alacriti’s Orbipay AIQ is a cloud-based, machine learning-based fraud prevention solution designed to manage fraud and risk associated with instant payments processed through payment rails such as The Clearing House's (TCH) RTP network, the FedNowSM Service, and Visa Direct—or conventional payments such as ACH or Wires.
  • Additional information can be found in the recorded webinar, Navigating Fraud in the World of Instant Payments: Strategies for Success .

Volante Technologies Celebrates Women's History Month with Strategic Hires

Retrieved on: 
Thursday, March 30, 2023
Freedom, Women's History Month, Platform as a service, Clearing house, Marketing, Culture, Workplace, International Women's Day, National Payments Corporation of India, Woman, Strategic planning, The Clearing House, Volante, Engineering, FedNow, MATCH International Women's Fund, Volant skis, Environment, Gender, Female, Operational excellence, Cryptocurrency, Management

NEW YORK, March 30, 2023 /PRNewswire/ -- Volante Technologies, the leading global provider of cloud payments and financial messaging solutions to accelerate digital transformation, is celebrating Women's History Month with the announcement of a series of female hires to strategic positions in the business.

Key Points: 
  • NEW YORK, March 30, 2023 /PRNewswire/ -- Volante Technologies, the leading global provider of cloud payments and financial messaging solutions to accelerate digital transformation, is celebrating Women's History Month with the announcement of a series of female hires to strategic positions in the business.
  • She works to promote and maintain a culture of operational excellence, providing exceptional payment solutions and experiences for our customers.
  • She is a payments and financial services professional with extensive experience in product management, strategic planning, business analysis, and marketing.
  • Umadevi comes to Volante Technologies with a wealth of industry experience, most recently having led mission-critical automation and engineering programmes at the National Payments Corporation of India.

Volante Technologies Celebrates Women's History Month with Strategic Hires

Retrieved on: 
Thursday, March 30, 2023
Freedom, Women's History Month, Platform as a service, Clearing house, Marketing, Culture, Workplace, International Women's Day, National Payments Corporation of India, Woman, Strategic planning, The Clearing House, Volante, Engineering, FedNow, MATCH International Women's Fund, Volant skis, Environment, Gender, Female, Operational excellence, Cryptocurrency, Management

NEW YORK, March 30, 2023 /PRNewswire/ -- Volante Technologies, the leading global provider of cloud payments and financial messaging solutions to accelerate digital transformation, is celebrating Women's History Month with the announcement of a series of female hires to strategic positions in the business.

Key Points: 
  • NEW YORK, March 30, 2023 /PRNewswire/ -- Volante Technologies, the leading global provider of cloud payments and financial messaging solutions to accelerate digital transformation, is celebrating Women's History Month with the announcement of a series of female hires to strategic positions in the business.
  • She works to promote and maintain a culture of operational excellence, providing exceptional payment solutions and experiences for our customers.
  • She is a payments and financial services professional with extensive experience in product management, strategic planning, business analysis, and marketing.
  • Umadevi comes to Volante Technologies with a wealth of industry experience, most recently having led mission-critical automation and engineering programmes at the National Payments Corporation of India.

Account-to-Account Payments Set to Revolutionize Shopping, with E-commerce Payments Reaching $525 Billion Globally: Worldpay from FIS 2023 Global Payments Report

Retrieved on: 
Thursday, March 23, 2023
Software, Payments, Finance, Banking, Data Management, Professional Services, Technology, Mobile, Wireless, Headache, POS, FIS, BNPL, Multimedia, Research, The Clearing House, Sale, FedNow, Worldpay, Growth, Digital, Credit, RTP, Big Tech, NYSE, Clearing house, Online shopping, Payment card, Cryptocurrency, A2A

View the full release here: https://www.businesswire.com/news/home/20230323005062/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230323005062/en/
    The Worldpay from FIS Global Payments Report 2023 examines how consumers pay today both in-store and online across 40 global markets.
  • Findings from the 2023 report show that in 2022, there were almost 70 real-time payment (RTP) schemes providing high-speed payment rails that helped drive A2A payments to account for US$525 billion in global e-commerce transaction value, up 13 percent from US$463 billion in 2021.
  • While it is significantly more convenient for consumers it also brings a host of benefits for merchants,” said Jim Johnson, President of Worldpay Merchant Solutions, FIS.
  • Meeting consumer demand for advanced payments features now can help businesses thrive through economic troubles, while potentially gaining market share from competitors.”

Trustly, Cross River, and PointsBet Partner to Offer Instant Payouts in the US

Retrieved on: 
Tuesday, February 7, 2023
Banking, Technology, Professional Services, Payments, Online, Casino, Gaming, Entertainment, Software, Internet, Fintech, Finance, Clearing house, Bet, RTP, 2022 PointsBet Invitational, UI, EVP, Lightning, Cross River Bank, Sport, NFL, Partnership, The Clearing House, Trustly

PointsBet, by using Trustly Instant Payouts, can fund payments directly with Cross River, which will send RTP payments on behalf of PointsBet to their players’ bank accounts.

Key Points: 
  • PointsBet, by using Trustly Instant Payouts, can fund payments directly with Cross River, which will send RTP payments on behalf of PointsBet to their players’ bank accounts.
  • For players making bets on the PointsBet platform, Trustly Instant Payouts will expedite the payout process, allowing them to access winnings instantaneously.
  • John Parsons, Vice President, Gaming at Trustly, says: “We are thrilled to partner with PointsBet to offer Trustly Instant Payouts.
  • “Fueled by Cross River’s participation in the RTP network, consumers can now receive instant payouts and immediate access to their winnings.”

Sionic Announces Suite of Trust-Based Services for Bank-to-Bank, Verified Rapid Payments™

Retrieved on: 
Tuesday, February 7, 2023
Automotive, Fintech, Convenience Store, Restaurant, Bar, Payments, Office Products, Lodging, Travel, Small Business, Supermarket, Specialty, Supply Chain Management, Other Technology, Luxury, Software, Food, Beverage, General Automotive, Discount, Variety, Department Stores, Internet, Hardware, Retail, Other Professional Services, Technology, Human Resources, Home Goods, Finance, Metaverse, Consulting, Banking, Accounting, Professional Services, Sale, Federal Reserve, The Clearing House, Federal, IDS, Clearing house, Cryptocurrency, Bank, SIONICS

The services are designed to help avoid fraud that is prevalent in person-to-person (P2P) payments as is reported regularly.

Key Points: 
  • The services are designed to help avoid fraud that is prevalent in person-to-person (P2P) payments as is reported regularly.
  • “We’ve identified serious gaps in bank-to-bank payments that have prevented rapid adoption by financial institutions, consumers and businesses,” said Matt Watson, Chief Technology Officer of Sionic.
  • Both parties have access to each other’s trust scores before payment transactions are verified and approved, helping to reduce disputes before they occur.
  • Ronald Herman, CEO of Sionic said, “Every financial institution interested in providing faster, trust-based, bank-to-bank payments will want to consider this Verified Rapid Payments service.

Independent review by network analytics and simulation firm FNA reveals "powerful liquidity savings" generated by CHIPS settlement algorithm

Retrieved on: 
Wednesday, February 1, 2023
CHIPS, Private sector, School corporal punishment, Clearing house, FNA, Literature, Leg, LSM, Senior, USD, New product development, TCH, The Clearing House, Environment, Bank, Mobile phone

LONDON, Feb. 1, 2023 /PRNewswire/ -- London-based deep tech firm FNA, specialising in advanced network analytics and simulation, has revealed the "powerful liquidity savings" generated by CHIPS, the largest private sector high-value clearing and settlement system in the world operated by The Clearing House, following an independent review.

Key Points: 
  • LONDON, Feb. 1, 2023 /PRNewswire/ -- London-based deep tech firm FNA , specialising in advanced network analytics and simulation, has revealed the "powerful liquidity savings" generated by CHIPS, the largest private sector high-value clearing and settlement system in the world operated by The Clearing House, following an independent review.
  • FNA's review of the liquidity savings mechanism (LSM) utilised by CHIPS confirmed CHIPS is "extremely efficient" in its use of liquidity across all performance metrics, when compared to other large-value payment systems.
  • Its patented liquidity savings algorithm matches and offsets payments continually, resulting in a more efficient settlement process.
  • Not only has this validated CHIPS' liquidity efficiency, but also provided TCH with opportunities to improve their system further".

Independent review by network analytics and simulation firm FNA reveals "powerful liquidity savings" generated by CHIPS settlement algorithm

Retrieved on: 
Wednesday, February 1, 2023
CHIPS, Private sector, School corporal punishment, Clearing house, FNA, Literature, Leg, LSM, Senior, USD, New product development, TCH, The Clearing House, Environment, Bank, Mobile phone

LONDON, Feb. 1, 2023 /PRNewswire/ -- London-based deep tech firm FNA, specialising in advanced network analytics and simulation, has revealed the "powerful liquidity savings" generated by CHIPS, the largest private sector high-value clearing and settlement system in the world operated by The Clearing House, following an independent review.

Key Points: 
  • LONDON, Feb. 1, 2023 /PRNewswire/ -- London-based deep tech firm FNA , specialising in advanced network analytics and simulation, has revealed the "powerful liquidity savings" generated by CHIPS, the largest private sector high-value clearing and settlement system in the world operated by The Clearing House, following an independent review.
  • FNA's review of the liquidity savings mechanism (LSM) utilised by CHIPS confirmed CHIPS is "extremely efficient" in its use of liquidity across all performance metrics, when compared to other large-value payment systems.
  • Its patented liquidity savings algorithm matches and offsets payments continually, resulting in a more efficient settlement process.
  • Not only has this validated CHIPS' liquidity efficiency, but also provided TCH with opportunities to improve their system further".

Highlights - Security and defence priorities of the Swedish Presidency - 25 January 2023 - Subcommittee on Security and Defence

Retrieved on: 
Saturday, January 21, 2023
EEAS, Clearing house, The Clearing House, Aggression, Defense, African Union, Council, SEDE, Weapon, EU

Security and defence priorities of the Swedish Presidency - 25 January 2023

Key Points: 
  • Security and defence priorities of the Swedish Presidency - 25 January 2023
    19-01-2023 - 18:53
    On 25 January, Swedish Minister of Defence Pål JONSON, will present to SEDE Members priorities of the Swedish Presidency of the Council in the area of security and defence.
  • In the context of the Russian war of aggression against Ukraine, the debate will focus in particular on ways to address the most urgent needs by increasing supply of heavy combat equipment to Ukrainian armed forces.
  • This will require boosting the European Peace Facility and implementing the proposed instrument allowing for joint procurement of military equipment - the EDIRPA.
  • In relation with the EU's support in providing lethal military equipment for Ukraine, a regular in camera exchange of views with the EEAS services on the European Peace Facility, including the Clearing House mechanism, will take place the same day.

Mechanics Cooperative Bank expands partnership with Finastra to deliver innovative payments services

Retrieved on: 
Tuesday, December 20, 2022
RTP, Mechanics Cooperative Bank, Azure, FDIC, Commercial, Microsoft Azure, Digital, Capital market, Partnership, Treasury, Commercial bank, Microsoft, Mechanics, EVP, Banking as a service, Public sector banks in India, TCH, Clearing house, The Clearing House, The Co-operative Bank, Bank, Online shopping, Finastra

LAKE MARY, Fla., Dec. 20, 2022 /PRNewswire/ -- Finastra today announced that Mechanics Cooperative Bank, a Massachusetts-based financial institution with more than $645 million in assets, has selected Finastra Payments To Go to introduce new business payments services and enhance the customer experience. The multi-rail payments hub empowers Mechanics Cooperative Bank to leverage the strength of the cloud, providing the tools needed to introduce Real-Time Payments services (RTP) through the Clearing House (TCH) and to quickly join the FedNow rail when it goes live.

Key Points: 
  • When it was time to enhance our payments services, we saw Finastra and Payments To Go as the obvious choice to help us adopt an agile and cloud-based payments hub," said Joseph T. Baptista Jr., President and CEO of Mechanics Cooperative Bank.
  • Payments To Go provides Mechanics Cooperative Bank the agility needed to provide new and innovative payments services, including RTP and FedNow.
  • "Our payments solution enables financial institutions such as Mechanics Cooperative Bank to introduce new payments services quickly and efficiently while leveraging the strength of the cloud," said Barry Rodrigues, EVP of Finastra's Payments Business Unit.
  • Established in 1877, Mechanics Cooperative Bank is Massachusetts' second-oldest co-operative bank with nine conveniently located branches in Taunton, Bridgewater, North Dighton, Somerset, Swansea, Fall River, New Bedford, and Westport.