The Clearing House Does Not See the Need for the Fed to Create a Realtime Payment Rail

The Clearing House’s “tremendous effort” to bring realtime payments (RTP) to the entire U.S. banking industry would be stymied if the Federal Reserve decides to facilitate its own system for realtime interbank faster payments settlement, according to Steve Ledford, SVP Products and Strategy at The Clearing House. “Of course, we would support the Federal Reserve, …Read More

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