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Four Community Banks and Credit Unions Named to the RTP® Business Committee

The four new seats expand the size, type, and number of depository institutions that help govern the RTP® network.

 

New York, May 21, 2019 – The Clearing House (TCH), the owner and operator of the RTP® network, today added four representatives from community banks and credit unions to the RTP Business Committee, the group that provides input and guidance to the strategic execution of the RTP network.

 

The four new representatives and their alternates were selected by the RTP Advisory Committee, a group of community banks, credit unions and their trade associations. The new representatives to the RTP Business Committee are:

 

Mary Alice Liotta, ESL Federal Credit Union (Primary)

Keith Riddle, Corporate One Federal Credit Union (Alternate)

 

Chris Richards, Cape Cod 5 (Primary)

Jim Reuter, FirstBank (Alternate)

 

Kathy Strasser, River Valley Bank (Primary)

Jeff Dick, MainStreet Bank (Alternate)

 

Tynika Wilson, Navy Federal Credit Union (Primary)

Linda Pearsall, Energy Capital Credit Union(Alternate)

 

The four new representatives will join the existing RTP Business Committee which meets monthly and has numerous responsibilities, including providing input and guidance to the strategic execution of the RTP network, ensuring prudent risk management practices are followed, promoting the design, operation, and management of the system so that it delivers safe, efficient, and accessible payments that include appropriate protections for all end users, and establishing, amending, repealing, or restating the rules for the RTP network, among others duties.

“We are delighted to have these representatives from community banks and credit unions appointed to the RTP Business Committee,” said Jim Aramanda, President and CEO at The Clearing House. “Having their direct participation on the Business Committee ensures that the RTP network will continue to incorporate the needs of users of all sizes as real-time payments availability moves toward ubiquity in the United States.”

The new seats on the RTP Business Committee expand the type and number of financial institutions that help govern the RTP network. The appointment of the representatives and their alternates follows the March announcement that TCH would expand the RTP Business Committee to have additional representation from non-member depository institutions of all sizes. The new members will serve a three-year term ending May 2022 and they will join representatives from each of the TCH member banks on the Business Committee.

TCH remains committed to connecting financial institutions of all sizes to the RTP network, with flat pricing and no volume discounts or monthly minimums.

 

About The Clearing House

Since its founding in 1853, The Clearing House has delivered safe and reliable payments systems, facilitated bank-led payments innovation, and provided thought leadership on strategic payments issues. The Clearing House continues to leverage its unique capabilities to support bank-led innovation, including launching the RTP® network, a real-time payment system that modernizes core payments capabilities for all federally-insured U.S. depository institutions. The Clearing House is the only private-sector ACH and wire operator in the United States, clearing and settling nearly $2 trillion in U.S. dollar payments each day, representing half of all commercial ACH and wire volume. As the country’s oldest banking trade association, The Clearing House also provides informed advocacy and thought leadership on critical payments-related issues facing financial institutions today. The Clearing House is owned by 24 financial institutions and supports hundreds of banks and credit unions through its core systems and related services. Learn more at www.theclearinghouse.org.

 

 

Contacts

Greg MacSweeney

The Clearing House

212-612-9282

gregory.macsweeney@theclearinghouse.org 

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