The Clearing House

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.

Volante Technologies Tackles Payments Modernization 2.0 at Inaugural Industry Conference

Retrieved on: 
Tuesday, November 29, 2022
Federal Reserve, Humour, Banq (term), Clearing house, Silicon Valley Bank, Silicon, RTP, The Clearing House, Multimedia, Volante, Emotional intelligence, BNY Mellon, Banc of California, Accenture, KPMG, ISO, Freedom, Microsoft, Bank, Mobile phone

NEW YORK, Nov. 29, 2022 /PRNewswire/ -- Volante Technologies, the global leader in cloud payments and financial messaging, today announced the agenda for Volante Evolve, its inaugural user conference, co-sponsored by Accenture, Deloitte and KPMG.

Key Points: 
  • In addition, we're also seeing how generational demographics and digital-first approaches drive varied consumer and business expectations," said Vijay Oddiraju, CEO, Volante Technologies.
  • At the conference, speakers will set out Volante's vision for the future, explore the global economic trends that are impacting the industry, how to drive a better payments experience, and share the new playbook for payments modernization 2.0.
  • The day will conclude with Silicon Valley Bank describing how they approached payments modernization to keep up with the pace of change.
  • Volante Technologies is the leading global provider of cloud payments and financial messaging solutions to accelerate digital transformation.

Conduent Collaborates with BNY Mellon to Launch New Digital Hub that Expands Access to Faster, Easier and Secure Payments

Retrieved on: 
Tuesday, November 22, 2022
API, Digital, Clearing house, Organization, Public sector, RTP, The Clearing House, Corporation, Trust, Transport, Government, SNAP, Automated clearing house, BNY Mellon, BNY, Strategy, News, ACH, Commercial, Name, Government agency, RSS, Conduent, Fortune 500, Tree, Investment, PayPal, Online shopping, Cryptocurrency

We know that consumers increasingly prefer the convenience, immediacy, and security of established digital payment services.

Key Points: 
  • We know that consumers increasingly prefer the convenience, immediacy, and security of established digital payment services.
  • Companies' and government agencies accounts payable systems can go nearly paperless using digital payments to pay vendors through their account payable systems.
  • Paper from 2.3 billion checks and discarded envelopes total nearly 455,000 trees each year, according to estimates from BNY Mellon.
  • Conduent is a trademark of Conduent Incorporated in the United States and/or other countries.

Financial Data Exchange (FDX) Reports 42 Million Consumer Accounts on FDX API to Continue Driving Open Banking

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Monday, October 31, 2022
Technology, Finance, Security, Fintech, Banking, Other Technology, Professional Services, Software, Data Analytics, Data Management, Bank of America, Truist Financial, The Clearing House, TD, Bank, Clearing house, Plaid, FDX, Adoption, Equifax Canada, MX, National Bank of Canada, JPMorgan Chase, National bank, PNC, SIFMA, Growth, Citigroup, Wells Fargo, Xero, Fannie Mae, Capital One, USAA, API, TD Bank, LLC, Fine chemical, Intuit, Experian, Fidelity, U.S. Bancorp

The Financial Data Exchange (FDX) today reports that 42 million consumer accounts are now using its FDX API for open finance data sharing.

Key Points: 
  • The Financial Data Exchange (FDX) today reports that 42 million consumer accounts are now using its FDX API for open finance data sharing.
  • Since FDXs last report in June 2022, nearly 10 million additional consumer accounts were transitioned to the FDX API.
  • FDX also reports that API calls have grown to 3.4 billion per month, proving the sustained growth of data usage in the FDX API.
  • FDX API currently defines 660 unique financial data elements allowing consumers to securely use and share a wide range of their own financial data benefiting their financial lives.

David LaFalce Joins Business Resilience Council as Chairman

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Monday, October 24, 2022
Professional Services, Business, Security, Technology, Data Analytics, Consulting, LinkedIn, DTCC, Financial Services Information Sharing and Analysis Center, Business continuity planning, Terrorism, Pandemic, The Clearing House Payments Company, John J. LaFalce, The Clearing House, Organization, Supply, ISAC, National Executive Committee of the Labour Party, Ernest Isao Murai, Twitter, Executive Committee, GRF, History, Wells Fargo, 2011 New Year Honours (New Zealand), BRC, Board, Certs, Face, Security, Weather, Management, Risk management

The Business Resilience Council ( BRC ) is pleased to announce that David LaFalce, Global Head of Operational Resilience at Wells Fargo, has joined the community as its new chairman.

Key Points: 
  • The Business Resilience Council ( BRC ) is pleased to announce that David LaFalce, Global Head of Operational Resilience at Wells Fargo, has joined the community as its new chairman.
  • As chairman, David will help lead the nonprofit group as it continues its multi-sector growth and mission to ensure operational resilience in the face of systemic threats.
  • The BRC provides members with business continuity, disaster response, and resilience information and best practices on security issues such as major weather events, pandemics, systemic cyber-attacks, geopolitical threats, civil unrest and terrorism.
  • David brings deep experience of business resilience to the BRC.

Bethpage Federal Credit Union Sees Boom in Real-Time Payments

Retrieved on: 
Wednesday, October 12, 2022
Software, Finance, Banking, Data Management, Professional Services, Technology, Other Technology, Security, Insurance, Financial institution, Sale, Growth, The Clearing House, NASDAQ, CO-OP, S&P, Eye, Credit union, Bethpage Federal Credit Union, ATM, OTS, Social media, RTP, Gateway, Clearing house, Data aggregation, FISV, AVP, Solution, Bank, Online shopping, Fiserv

After connecting to the RTP network from The Clearing House via NOW Gateway from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, Bethpage Federal Credit Union has seen substantial increases in real-time payments.

Key Points: 
  • After connecting to the RTP network from The Clearing House via NOW Gateway from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, Bethpage Federal Credit Union has seen substantial increases in real-time payments.
  • Offering a range of real-time transaction options to our members has deepened our relationships with them as we have shown that we understand and can meet their payment needs, said Michael Curran, AVP, Digital Enterprise Solutions at Bethpage Federal Credit Union.
  • As part of the consortium, the credit union collaborates to streamline its operations and provide innovative experiences to their more than one million members.
  • Consumers Hungry for Real-Time Payments Offer Opportunities for Financial Institutions, Says Fiserv White Paper
    Bethpage Federal Credit Union is a premier community financial institution committed to enriching the lives of its members, employees and the communities it serves.

The Clearing House Joins the Open Invention Network

Retrieved on: 
Wednesday, October 12, 2022
Trust, Financial technology, SUSE, IBM, Open Invention Network, The Clearing House, TCH, Progeny Linux Systems, Google, History, Senior, OSS, Industry, Open, CEO, Patent, ACH, NEC, OIN, GLOBE, Clearing house, Associate, Sony, Philips, Freedom, Bank, Linux

DURHAM, N.C., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Open Invention Network (OIN), the organization formed to safeguard open source software (OSS) and now the largest patent non-aggression community in history, announced today that The Clearing House (TCH) has joined as a community member.

Key Points: 
  • DURHAM, N.C., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Open Invention Network (OIN), the organization formed to safeguard open source software (OSS) and now the largest patent non-aggression community in history, announced today that The Clearing House (TCH) has joined as a community member.
  • Advancements in financial services and Fintech increasingly rely on open source technologies, said Keith Bergelt, CEO of Open Invention Network.
  • We are pleased to join the Open Invention Network and support its role in protecting open source software.
  • Open Invention Network (OIN) is the largest patent non-aggression community in history and supports freedom of action in Linux as a key element of open source software (OSS).

Methuselah Foundation Unveils ELONgevity Protection to Support Human Longevity Initiatives, Provide Access to Promising Experimental Therapies

Retrieved on: 
Tuesday, September 20, 2022
Methuselah, Twitter, The Clearing House, Project, Policy, Longevity, Ill, Mars, LinkedIn, Life, Methuselah Foundation, Clearing house, Foundation, Survival, Hebrew Bible, Travel, CEO, Instagram, House, Research, Bible, Pharmaceutical industry, Life insurance, Facebook

DUBLIN, Sept. 20, 2022 /PRNewswire/ -- Methuselah Foundation Co-founder and CEO David Gobel announced the formation of the ELONgevity Protection Project to promote human anti-aging efforts and provide members diagnosed with terminal diseases access to experimental therapies that promise a chance of survival.

Key Points: 
  • DUBLIN, Sept. 20, 2022 /PRNewswire/ -- Methuselah Foundation Co-founder and CEO David Gobel announced the formation of the ELONgevity Protection Project to promote human anti-aging efforts and provide members diagnosed with terminal diseases access to experimental therapies that promise a chance of survival.
  • The initiative's ELONgevity Protection Clearing House will locate medical teams creating experimental treatments or programs that offer terminally diagnosed members a chance of successful application.
  • Because the initiative is operated by the nonprofit Methuselah Foundation, all member payments, after expenses, will be used to support ongoing longevity research.
  • ELONgevity Protection Project is the latest initiative by Methuselah Foundation, the preeminent biomedical charity focused on extending the healthy human lifespan.

Methuselah Foundation Unveils ELONgevity Protection to Support Human Longevity Initiatives, Provide Access to Promising Experimental Therapies

Retrieved on: 
Tuesday, September 20, 2022
Methuselah, Twitter, The Clearing House, Project, Longevity, Policy, Ill, Mars, LinkedIn, Life, Methuselah Foundation, Clearing house, Foundation, Survival, Hebrew Bible, Travel, CEO, Instagram, House, Research, Bible, Pharmaceutical industry, Life insurance, Facebook

DUBLIN, Sept. 20, 2022 /PRNewswire/ -- Methuselah Foundation Co-founder and CEO David Gobel announced the formation of the ELONgevity Protection Project to promote human anti-aging efforts and provide members diagnosed with terminal diseases access to experimental therapies that promise a chance of survival.

Key Points: 
  • "We are bringing longevity research to life at the societal and individual levels," said Methuselah CEO David Gobel.
  • The initiative's ELONgevity Protection Clearing House will locate medical teams creating experimental treatments or programs that offer terminally diagnosed members a chance of successful application.
  • Because the initiative is operated by the nonprofit Methuselah Foundation, all member payments, after expenses, will be used to support ongoing longevity research.
  • ELONgevity Protection Project is the latest initiative by Methuselah Foundation, the preeminent biomedical charity focused on extending the healthy human lifespan.

Sionic Launches the First Pay-by-Bank Reseller Program in the U.S.

Retrieved on: 
Tuesday, August 9, 2022
Banking, Fintech, Professional Services, Finance, Cloud, POS, Micro ISV, CEO, Clearing house, Sale, Twitter, Solution, CyberSource, Visa, Google Cloud, Optical disc image, The Clearing House, Online shopping, SIONICS

Pay-by-Bank is a real-time, bank-to-bank payment service that uses The RTP Network provided by The Clearing House.

Key Points: 
  • Pay-by-Bank is a real-time, bank-to-bank payment service that uses The RTP Network provided by The Clearing House.
  • Were excited to be offering resellers a brand new tool to help acquire and retain merchants, said Charles Jackson, Account Specialist for Sionic.
  • Ronald Herman, CEO of Sionic, added, Weve modeled our reseller program to surpass best-in-class programs in the card payments processing industry.
  • Atlanta-based Sionic is leading The Great Reallocation in digital payments by delivering instant bank-to-bank transfers from consumers to merchants.