This new system allows consumers and businesses to send and receive payments instantly, directly from their accounts at financial institutions. It also includes data and non-payment messages that financial institutions can use to build innovative digital commerce solutions.
The system is all new, built for a digital economy.
- 24 x 7 x 365
- Fast and final
- Modular architecture to adapt
to changing needs
Banks are combining payments, data and messaging capabilities to create services like:
- Business invoicing
- Just-in-time supply orders
- Insurance claim disbursements
TCH's Real-time Payments System will be open to all U.S. depository institutions
Consistent with Federal Reserve and CFPB guidelines
Compatible with global standards