The Clearing House

Alacriti Appoints New Chief Sales Officer and SVP of Faster Payments

Retrieved on: 
Thursday, August 4, 2022
Banking, Professional Services, Technology, Fintech, Software, RTP, JPMorgan Chase, Senior, Technology, SVP, Leadership, Faster Payments Service, Acquisition, FIS, Partnership, TD, Citibank, Truist Financial, TD Bank, Kasasa, Solution, SunTrust Banks, The Clearing House, Management, Alacrity 19

Alacriti , a fintech company specializing in payments, today announced that it has hired Mike Davis as Chief Sales Officer and Mark Majeske as Senior Vice President of Faster Payments.

Key Points: 
  • Alacriti , a fintech company specializing in payments, today announced that it has hired Mike Davis as Chief Sales Officer and Mark Majeske as Senior Vice President of Faster Payments.
  • Their leadership and experience will be key as we continue to deliver differentiated products in the payments space, added Gurukula.
  • As Chief Sales Officer, Davis is responsible for driving new customer acquisition and helping current clients maximize the value derived from Alacritis industry-leading digital money movement platform.
  • Majeske, SVP of Faster Payments, is responsible for driving Alacritis faster payment solutions, as well as defining the roadmap and partnership opportunities.

Open Payment Network to Power North American Banking Company Instant Payment Solution

Retrieved on: 
Tuesday, August 2, 2022
FDIC, Clearing house, ACH, RTP, Minneapolis–Saint Paul, Ameris Bancorp, Equal housing lender, Solution, Organization, Real, Paul, Payment, The Clearing House Payments Company, The Clearing House, NABC, OPN, API, Internet, TCH, Financial services, Bank

PLEASANT GROVE, Utah, Aug. 2, 2022 /PRNewswire/ -- Open Payment Network (OPN) and North American Banking Company (NABC) today announced the capability to deliver instant payments to and from any financial institution on The Clearing House's Real Time Payment (TCH-RTP) network through NABC's ExcheQ application. By leveraging OPN's certified interoperability with TCH-RTP, NABC can offer customers more payment options along with the payment speed for which ExcheQ is known.

Key Points: 
  • PLEASANT GROVE, Utah, Aug. 2, 2022 /PRNewswire/ -- Open Payment Network (OPN) and North American Banking Company (NABC) today announced the capability to deliver instant payments to and from any financial institution on The Clearing House's Real Time Payment (TCH-RTP) network through NABC's ExcheQ application.
  • "We've been working closely with OPN to develop this instant payment solution for our customers," said North American Banking Company CEO Michael Bilski.
  • Using OPN's open API, financial institutions can easily create custom instant payment applications for their customers and rely on OPN to power those solutions across the RTP network.
  • "With our ability to connect to this expansive real-time payment network, we can now deliver the benefits of instant payments to more financial institutions, like North American Banking Company."

Finzly Joins Banking-as-a-Service Association to Enable Banks to Offer BaaS for Payments

Retrieved on: 
Thursday, July 14, 2022
Income, Movement, Risk, Education, Solution, ACH, Association, Bank, CEO, RTP, Federal Reserve, Mobile backend as a service, BHB, GameChanger, KYC, API, Compliance, The Clearing House, Ecosystem, Science and technology in Asia, Clearing house, Sound, Industry, Banking as a service, SWIFT

CHARLOTTE, N.C., July 14, 2022  /PRNewswire-PRWeb/ -- Finzly announced that it has joined the newly launched Banking-as-a-Service (BaaS) Association. The association was formed by Bankers Helping Bankers (BHB), a social platform for collaboration and education on Bankng-as-a-Service.

Key Points: 
  • Finzly, along with The BaaS Association, aims to serve the unique needs of BaaS sponsor banks to cater to the growing demand of banking services from fintechs
    CHARLOTTE, N.C., July 14, 2022 /PRNewswire-PRWeb/ -- Finzly announced that it has joined the newly launched Banking-as-a-Service (BaaS) Association.
  • There is a constant demand from fintechs to process customer payments on sponsor banks with modern payment infrastructure.
  • Having a modern, turnkey and robust solution for payments is equally critical for banks and fintechs wanting to take advantage of BaaS.
  • "The BHB BaaS Association gives banks a perfect opportunity to learn, explore and network with industry leaders and other peer institutions."

Open Payment Network Connects Financial Institutions to the RTP Network, Enabling Instant Payments for Customers

Retrieved on: 
Tuesday, July 12, 2022
Technology, IRA, ACH, OPN, CEO, RTP, Payment, Community Bank, VP, TCH, The Clearing House, API, Compact disc, Clearing house, P2P, Industry, Internet, Financial services, Online shopping, Bank

PLEASANT GROVE, Utah, July 12, 2022 /PRNewswire/ -- Open Payment Network (OPN), a technology provider that enables instant payments, today announced that it is providing Bridge Community Bank with connectivity to the RTP network, the real-time payments system from The Clearing House (TCH). With this connectivity, financial institutions like Bridge Community Bank can connect with OPN to send and receive customer funds to and from any other financial institution on the RTP network. 

Key Points: 
  • Successful connectivity to the RTP network means more financial institutions can deliver instant payments to customers.
  • "This successful connectivity to the RTP network means that more financial institutions can deliver instant payments to their customers."
  • Using OPN's API, financial institutions and their customers can add instant payments to their existing applications and create entirely new instant payment solutions.
  • Open Payment Network (OPN) helps financial institutions attract and retain more customers and stay ahead of the competition by enabling them to deliver instant payments anytime, anywhere.

Financial Data Exchange (FDX) Reports 32 Million Consumer Accounts on FDX API to Power Open Banking and Open Finance

Retrieved on: 
Monday, June 27, 2022
Other Professional Services, Software, Data Analytics, Finance, Banking, Data Management, Professional Services, Technology, Fannie Mae, Royal Bank of Canada, TD, Bank, SIFMA, Capital One, Adoption, The Clearing House, Xero, API, Plaid, Growth, Bank of America, Industry, JPMorgan Chase, TD Bank, Wells Fargo, Clearing house, PNC, LLC, USAA, Interac, Truist Financial, Citigroup, Cardinal, Financial management, FDX, MX, Fine chemical, U.S. Bancorp, Experian, Fidelity

The Financial Data Exchange (FDX) today reports that 32 million consumer accounts are now using its FDX API for open finance data sharing.

Key Points: 
  • The Financial Data Exchange (FDX) today reports that 32 million consumer accounts are now using its FDX API for open finance data sharing.
  • Since FDXs last report in January 2022, nearly one million additional consumer accounts per month were transitioned to the FDX API, representing an increase of 4 million additional consumer accounts using the FDX API today.
  • FDX also reports that API calls have grown to 2.9 billion per month, illustrating the continued expansion of data usage in the FDX API.
  • Membership is open to financial institutions, fintech companies, financial data aggregators, consumer advocacy groups, payment networks and other industry stakeholders.

Jack Henry Enables Faster Payments for More than 250 Financial Institutions

Retrieved on: 
Wednesday, June 22, 2022
Solution, Jack Henry & Associates, Industry, The Clearing House Payments Company, RTP, Software as a service, Environment, Technology, JKHY, John Henry, The Connect U.S. Fund, LLC, JHA, Federal Reserve Bank of St. Louis, Adoption, Clearing house, NASDAQ, Partnership, Risk management, Federal Reserve, ACH, Symitar, The Clearing House, Online shopping, Financial services, Cryptocurrency, Legume

MONETT, Mo., June 22, 2022 /PRNewswire/ -- Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is supporting the faster payments strategies of hundreds of regional and community financial institutions with JHA PayCenter™, its proprietary payments hub that provides seamless connections to The Clearing House's RTP® network and the Zelle Network®, provided by Early Warning Services, LLC. More than 250 financial institutions are leveraging one or both networks today.

Key Points: 
  • Since launching in 2018, JHA PayCenter has already processed more than $2 billion in faster payments and is expected to continue to increase adoption among regional and community financial institutions.
  • RTP Send capabilities were recently added, allowing financial institutions to support accountholders with the ability to seamlessly request payments.
  • Tede Forman, vice president, payment solutions at Jack Henry & Associates said, "Faster payments are quickly becoming competitive necessities for financial institutions and as practical uses cases continue to emerge, we expect demand will materially increase.
  • We strategically built JHA PayCenter to support the diverse faster payments strategies of Jack Henry clients, financial institutions using third-party core and digital platforms, as well as other fintechs.

Finzly's Payment Core Powers Mode Eleven's BaaS Platform

Retrieved on: 
Tuesday, June 21, 2022
Solution, RTP, Compliance, KYC, Federal, Technology, Innovation, CEO, EVP, Risk, Science and technology in Asia, API, Clearing house, Growth, Banking as a service, Trust, Ecosystem, Partnership, Federal Reserve, ACH, The Clearing House, Bank, Mobile phone, Fine chemical, SWIFT

CHARLOTTE, N.C., June 21, 2022 /PRNewswire-PRWeb/ -- Finzly, Inc., an innovator in payments processing, announced that Hulett Bancorp (DBA Mode Eleven) has selected Finzly's modern payment hub technology to power its full scope offerings. Finzly's Payment Hub allows banks to provide a single API for all payment rails to fintech partners, while customers and bankers enjoy a unified payment experience sending and receiving payments on the ACH, Fedwire, RTP and SWIFT payment networks. The Payment Hub is also prewired to clear and settle on the FedNow network and is ready to be easily turned on when it becomes available.

Key Points: 
  • Finzly's Payment Hub allows banks to provide a single API for all payment rails to fintech partners, while customers and bankers enjoy a unified payment experience sending and receiving payments on the ACH, Fedwire, RTP and SWIFT payment networks.
  • Using Finzly's modern payments infrastructure, the bank can cater flexibly to the payment needs of a wide array of businesses and fintechs.
  • Using Finzly's modern operating system sitting alongside the bank's core, Mode Eleven can offer seamlessly integrated banking services with reduced costs and shorter time to market.
  • Finzly's operating system for banks acts as a parallel core platform and is modern, cloud-based, real-time, and API enabled.

Go-Live Faster Announces New Real Time Payments Implementation Accelerator, RTP-GO

Retrieved on: 
Thursday, June 9, 2022
CHIPS, Federal Reserve Bank of St. Louis, Society for Worldwide Interbank Financial Telecommunication, SWIFT, ABA, Time, Federal Reserve Bank, Clearing House Interbank Payments System, Society, Gaps, Innovation, Map, Solution, Institute for Development and Research in Banking Technology, ISO, Technology, Viswanathan Raghunathan, Clearing house, Business analysis, The Clearing House, Go, Mobile phone, Bank, Automation, Documentation

WILMINGTON, Del., June 9, 2022 /PRNewswire-PRWeb/ -- Go-Live Faster recently unveiled its innovative Real Time Payments Implementation Accelerator called RTP-GO, which assesses and reconciles gaps between banks' legacy payment systems and emerging domestic and international messaging standards. Clients of banks have made it clear that real-time payments capabilities is one of the most important factors when choosing a bank.

Key Points: 
  • Clients of banks have made it clear that real-time payments capabilities is one of the most important factors when choosing a bank.
  • In addition, a number of domestic and international changes to the global real time payment ecosystem has added complexity to the already complicated process of enabling payments in real time.
  • Banks still processing payments on legacy systems experience limitations, since most are still dependent upon processing payments in batches through established systems.
  • Go-Live Faster is a Domain-focused and Innovation-driven firm that helps enterprises get to market faster and safer with their desired customer experience.

Nacha Announces 2022 Pay-Me Award Honorees at Smarter Faster Payments

Retrieved on: 
Wednesday, May 4, 2022
Cloud, AAP, DX Group, Clearing house, ACH Network, Organization, Green Power Partnership, Association, CTP, Industry, Accreditation, The Clearing House, Education, Associated Services for the Blind, Conference, IBM, Solution, Service, Pharmaceutical industry, Mobile phone, Bank, Fiserv, Technology

NASHVILLE, Tenn., May 4, 2022 /PRNewswire-PRWeb/ -- As part of its Smarter Faster Payments Conference here, Nacha announced its 2022 Pay-Me Award Honorees, recognizing companies and organizations that have helped advance the ever-evolving payments industry.

Key Points: 
  • As part of its Smarter Faster Payments Conference here, Nacha announced its 2022 Pay-Me Award Honorees, recognizing companies and organizations that have helped advance the ever-evolving payments industry.
  • NASHVILLE, Tenn., May 4, 2022 /PRNewswire-PRWeb/ -- As part of its Smarter Faster Payments Conference here, Nacha announced its 2022 Pay-Me Award Honorees, recognizing companies and organizations that have helped advance the ever-evolving payments industry.
  • The 2022 Pay-Me Awardees are:
    Excellence in Smart Payments Decisioning awarded to Finicity for its Smart Payment Decisioning Tools.
  • The Payments Connection Ceremony where Nacha recognized the Pay-Me Award Honorees will be shown in its entirety as part of Nacha's Remote Connect, taking place May 23-25.

First Bank Expedites Payment Transformation with Finzly

Retrieved on: 
Wednesday, May 4, 2022
Compliance, First Bank, Ecosystem, Clearing house, Federal, Banking as a service, Maintenance, Federal Reserve, KYC, Partnership, API, Freedom, ACH, Treasury, Risk, The Clearing House, Bank, RTP, Solution, CEO, IDFC First Bank, Mobile phone, Fedwire, SWIFT

CHARLOTTE, N.C., May 4, 2022 /PRNewswire-PRWeb/ -- Finzly announced that First Bank has chosen to implement Finzly's modern payment hub to enhance the bank's payment and digital capabilities.

Key Points: 
  • First Bank has chosen Finzly's award-winning payment hub to offer a unified payment experience to send and receive payments on the ACH, Fedwire, and SWIFT payment networks.
  • CHARLOTTE, N.C., May 4, 2022 /PRNewswire-PRWeb/ -- Finzly announced that First Bank has chosen to implement Finzly's modern payment hub to enhance the bank's payment and digital capabilities.
  • By consolidating multiple payment rails on Finzly's Payment Hub, the bank will be able to offer a unified payment experience to send and receive payments on the ACH, Fedwire, and SWIFT payment networks through API or files.
  • We're delighted that First Bank has chosen to stay ahead of the curve using our payment hub that consolidates multiple payment rails under one roof.