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Payments Pulse - November 13th Edition

Payments Pulse
Payments Pulse, November 13, 2019
The Clearing House
Payments Pulse

Industry News & Resources

US Faster Payments Barometer - Survey Results

Source: Glenbrook and the Faster Payments Council

Keeping Control of Remote Deposit Capture Risks

Source: Independent Banker

ACH Network Volume Jumps 9.5% in Third Quarter

Source: Nacha

TCH Innovation Center

Source: The Clearing House

We Get Questions...

Q and A
Q.)  Our account holder, a Social Security benefit recipient, recently passed away but before we could return his post death benefit payment, his wife (and co-owner of the account) presented us with a letter from the local SSA office saying she is entitled to the funds and insists that we release the funds rather than returning the payment. What should we do?
A.)  To limit your liability as an RDFI, post death payments should be returned to SSA. The co-owner of the account may be the designated beneficiary and entitled to the funds but SSA should be the entity to confirm that and distribute dollars owed. If the payment is not returned and SSA sends a reclamation, the RDFI could be liable for the 45 day period (should SSA be unable to collect the funds from the wife). If you decide to release the funds, it should be considered a business decision made outside of the Green Book Rules (Section 5, Reclamations). Additional information is also included in TCHPA’s Federal Government Benefit Payments on-demand webinar.
Have a question for TCHPA? Call 800-875-2242 (choose option 3) or email

2020 TCHPA Education Preview
New Webinar Just Added!

Join The Clearing House Payments Authority (TCHPA) as we preview our 2020 education program. From ACH to RTP and compliance to BSA, we’ve got training for everyone in your financial institution. Don’t forget, all TCHPA presented workshops, webinars and on-demand recorded sessions are available at no charge…including our multi-week AAP, APRP and NCP Prep courses!

Friday, December 13, 2019
2:00-3:00pm ET

Register now and get a jump start on your 2020 education plans!

Upcoming TCHPA Education

Please register in advance for all face-to-face sessions to allow our staff to arrange for meals, seating, and session materials for all attendees.

ACH Rules Update (Webinar)


2020 TCHPA Education Preview (Webinar)


Nacha Webinar: Curing the Appendicitis After Removing Appendix Eight


2020 NCP Exam Prep Webinar Series

2020 ACH Rules

Pre-Production Order Opportunity

Lowest prices of the year - $3.00 off every 2020 ACH Rule Book, Online Access Code and Digital App

The Clearing House provide every member with one complimentary ACH Rule Book, which will be sent to the attention of your ACH Department and delivered by the end of December. Now is the time to order additional quantities for your staff and your corporate Origination customers.

Order by December 1st to qualify for the discounted rate!

Real-Time Payments

What's in it for you?

The Clearing House - RTP Pricing

Simple, Transparent, Uniform Pricing for All Financial Institutions

RTP In the News:

The Watershed Hurdles B2B RTP Must Clear

What’s Next for Real-Time Payments? Here are 5 Trends to Watch

Source: FIS Global

15 More Financial Institutions to Join the RTP® Network through Jack Henry & Associates

Source: TCH

Professionals in every trade have an association they rely on for industry expertise, support and resources. TCHPA: We're the Association for Payments People®

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