The Clearing House Payments Company

Introducing Simplici: End-To-End Onboarding & Compliance in under 4-Minutes

Retrieved on: 
Thursday, October 12, 2023
RTP, Friction, KYC, AI, Communication, The Clearing House Payments Company, ACH, AML, Fund administration, Cryptocurrency, Audit, Accreditation, Simplicial set

HOUSTON, Oct. 12, 2023 /PRNewswire/ -- Satschel, Inc. is excited to introduce Simplici (simplici.io), a mobile-first, end-to-end account origination platform using AI and biometrics to remove friction, expediting Know You Customer (KYC/KYB), Anti-Money Laundering (AML), Accreditation, with integrated E-sign (SimpliciSign), allowing customers to onboard and transfer funds to new financial account in 3-4 minutes.  Simplici biometrics can drastically mitigate p2p payment fraud (e.g. Zelle) and be placed in front of transactions (RTP, Wire, ACH, etc.), providing financial institutions and their customers next-gen security with a best-in-class user interface at a fraction of the cost. 

Key Points: 
  • Welcome to the Future of Onboarding and Compliance.
  • Sign up on Simplici with five free invites to see how we're revolutionizing onboarding and compliance and transforming how companies engage with customers while keeping security at the forefront.
  • Simplici harnesses proprietary biometrics to streamline customer onboarding and mitigate fraud while exceeding today's rigorous compliance standards.
  • Simplici has taken up the challenge, transforming the user interface into a hassle-free experience and simplifying compliance management.

ACI Worldwide Collaborates with Microsoft to Accelerate Global Move to Real-Time Payments

Retrieved on: 
Tuesday, September 19, 2023
Technology, Payments, Finance, Fintech, Banking, Professional Services, Digital Cash Management, Digital Assets, Software, Data Management, Cloud, Learning, Elasticity, Software as a service, Federal Reserve Bank of St. Louis, Federal, RTPC, Microsoft, ACI Worldwide, Privacy, ACIW, The Clearing House Payments Company, Federal Reserve, Corporation, FedNow, Microsoft Azure, Azure, Ecosystem, Credit union, ACI, RTP, Clearing house, Worldwide, Cryptocurrency, Online shopping, Bank

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , today announced a collaboration with Microsoft to help financial institutions and technical services enable instant payments transactions faster through ACI’s Real-Time Payments Cloud (RTPC) platform.

Key Points: 
  • ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , today announced a collaboration with Microsoft to help financial institutions and technical services enable instant payments transactions faster through ACI’s Real-Time Payments Cloud (RTPC) platform.
  • Hosted in the Microsoft Azure environment, ACI RTPC is a multi-tenant SaaS platform that provides a payments interface between financial institutions and instant payments infrastructure, including The Clearing House's Real-Time Payments (RTP) Network and The Federal Reserve's FedNow Service in the U.S.
    “By hosting ACI’s Real-Time Payments Cloud in Microsoft Azure, financial institutions will now have access to an award-winning, end-to-end solution to enable their processing of 24/7 payments,” said Craig Ramsey, Head of Real-Time Payments at ACI Worldwide.
  • For example, ACI currently supports Corporate One Federal Credit Union, one of the largest credit unions in the U.S. and a leader in real-time payments.
  • Financial institutions and aggregators interested in learning more about how ACI supports real-time payments should visit www.aciworldwide.com .

Alacriti Partners with Socure to Provide Instant Payments Fraud Prevention

Retrieved on: 
Thursday, April 13, 2023
Professional Services, Data Management, Security, Technology, Software, Finance, Fintech, Cosmos, Partnership, Business, ACH, The Clearing House, The Clearing House Payments Company, Organization, Visa, Strategic partnership, AML, Trust, Instant, Risk, Machine learning, TCH, Fraud, SVP, RTP, Clearing house, Success, Cryptocurrency, USS Alacrity (MSO-520)

Alacriti , a fintech company specializing in payments, announced today that it has partnered with Socure, the leading provider of digital identity verification and fraud solutions, to deliver third-party and synthetic identity fraud prevention for instant payments.

Key Points: 
  • Alacriti , a fintech company specializing in payments, announced today that it has partnered with Socure, the leading provider of digital identity verification and fraud solutions, to deliver third-party and synthetic identity fraud prevention for instant payments.
  • “Instant payments require real-time fraud prevention, which is not something many existing enterprise fraud systems are well-equipped to handle.
  • We are happy to see Alacriti and Socure working together to provide fraud monitoring tools to financial institutions in the real-time payments ecosystem.”
    Alacriti’s Orbipay AIQ is a cloud-based, machine learning-based fraud prevention solution designed to manage fraud and risk associated with instant payments processed through payment rails such as The Clearing House's (TCH) RTP network, the FedNowSM Service, and Visa Direct—or conventional payments such as ACH or Wires.
  • Additional information can be found in the recorded webinar, Navigating Fraud in the World of Instant Payments: Strategies for Success .

David LaFalce Joins Business Resilience Council as Chairman

Retrieved on: 
Monday, October 24, 2022
Professional Services, Business, Security, Technology, Data Analytics, Consulting, LinkedIn, DTCC, Financial Services Information Sharing and Analysis Center, Business continuity planning, Terrorism, Pandemic, The Clearing House Payments Company, John J. LaFalce, The Clearing House, Organization, Supply, ISAC, National Executive Committee of the Labour Party, Ernest Isao Murai, Twitter, Executive Committee, GRF, History, Wells Fargo, 2011 New Year Honours (New Zealand), BRC, Board, Certs, Face, Security, Weather, Management, Risk management

The Business Resilience Council ( BRC ) is pleased to announce that David LaFalce, Global Head of Operational Resilience at Wells Fargo, has joined the community as its new chairman.

Key Points: 
  • The Business Resilience Council ( BRC ) is pleased to announce that David LaFalce, Global Head of Operational Resilience at Wells Fargo, has joined the community as its new chairman.
  • As chairman, David will help lead the nonprofit group as it continues its multi-sector growth and mission to ensure operational resilience in the face of systemic threats.
  • The BRC provides members with business continuity, disaster response, and resilience information and best practices on security issues such as major weather events, pandemics, systemic cyber-attacks, geopolitical threats, civil unrest and terrorism.
  • David brings deep experience of business resilience to the BRC.

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."

BankersHub Launches Real-Time Payments Training Program

Retrieved on: 
Monday, August 1, 2022
Education, GLOBE, Clearing house, ACH, Industry, Reading specialist certification, Compliance, The Clearing House Payments Company, Certification, Acceleration, Payment, NACHA, AAP, Bank, Property management

MADISON, Wis., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Wisconsin-based Bstuff LLC, parent company to BankersHub, BankerCollege, and InfusedBanking, announces the launch of its latest on-demand training, "Real-Time Payments Specialist Certification" for banks, credit unions and payments professionals.

Key Points: 
  • MADISON, Wis., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Wisconsin-based Bstuff LLC, parent company to BankersHub, BankerCollege, and InfusedBanking, announces the launch of its latest on-demand training, "Real-Time Payments Specialist Certification" for banks, credit unions and payments professionals.
  • Real-Time Payments represents an acceleration in handling payments on a digital infrastructure that results in instantaneous settlement.
  • "It is critical for all financial institutions and payments providers to learn how Real-Time Payments will impact your processes, and to find ways to prepare for the future of faster payments."
  • "We're also seeing increased interest in Real-Time Payments training from outside the payments industry, especially Cannabis Related Businesses seeking alternatives for handling sales without relying solely on cash."

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.

Fiserv Wins 2022 FinTech Breakthrough Award for Delivering Access to Real-Time Payments

Retrieved on: 
Thursday, March 17, 2022
RTP, NASDAQ, Sale, FISV, Leadership, Financial Technologies Group, Clover, Digital banking, Forecasting, Parity, World, Wealth management, Financial technology, The Clearing House, Technology, Ecosystem, Clearing house, Financial institution, Solution, The Clearing House Payments Company, Finance, Social media, Regulatory technology, Bank, Payment, Fiserv, Investment

This is the fourth year in a row that Fiserv has had a solution recognized with a Breakthrough Award.

Key Points: 
  • This is the fourth year in a row that Fiserv has had a solution recognized with a Breakthrough Award.
  • "Fiserv "breakthrough" Payments Exchange: RTP empowers financial institutions to solve for many of these challenges in a phased approach.
  • The 2022 FinTech Breakthrough Award program attracted more than 3,950 nominations from across the globe.
  • The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more.

Verituity Joins BNY Mellon's Accelerator Program to Develop Solutions to Offer Faster, Smarter, Verified Payouts

Retrieved on: 
Wednesday, February 2, 2022
Bank, Disbursement Acceleration Program, CEO, BNY Mellon, Fraud, Clearing house, Founder, RTP, Twitter, Technology, Intelligence, The Clearing House Payments Company, Company, Compliance, Investment, Newsroom, NYSE, Solution, Cryptocurrency

BNY Mellon's Program seeks out the best emerging technology companies around the globe and collaborates with them on next-generation solutions that will address emerging business challenges.

Key Points: 
  • BNY Mellon's Program seeks out the best emerging technology companies around the globe and collaborates with them on next-generation solutions that will address emerging business challenges.
  • Verituity's cloud-based platform powers accurate, first-time, and on-time payouts by elevating verification, intelligence, and compliance to the core of digital disbursements.
  • The Verituity platform automatically handles the complexities of digital payouts while unlocking greater payment choice, increased efficiencies, and faster, safer disbursements.
  • "We look forward to working with BNY Mellon to pursue verified digital payout solutions that will drive value for BNY Mellon, their clients and payees."

MUFG Names Raymond Fattell Head of Transaction Banking Americas

Retrieved on: 
Monday, November 29, 2021
PPM America, Inc., MUFG, Technology, The Clearing House Payments Company, Industry, Transaction banking, Marketing, Group, Mitsubishi, HSBC, Non-U.S. operators of the M60 Patton, MUFG Union Bank, History, MUFG Bank, Citigroup, Mitsubishi UFJ Financial Group, Risk, Product management, JPMorgan Chase, Organization, Clearing house, Growth, Transaction, Financial services, Public relations

NEW YORK, Nov. 29, 2021 /PRNewswire/ --Mitsubishi UFJ Financial Group ( MUFG ), one of the world's leading financial groups, today announced that Raymond Fattell has been named Head of Transaction Banking Americas.

Key Points: 
  • NEW YORK, Nov. 29, 2021 /PRNewswire/ --Mitsubishi UFJ Financial Group ( MUFG ), one of the world's leading financial groups, today announced that Raymond Fattell has been named Head of Transaction Banking Americas.
  • Mr. Fattell is based in New York and will have dual primary reporting to the Head of Global Transaction Banking Ranjana Clark and Head of Global Corporate & Investment Banking in the Americas Jonathan Lindenberg, and Head of Transaction Banking Division Masashi Onodera (Secondary), effective December 1, 2021.
  • He assumes this role from Ms. Clark, who has led this organization since 2013, and will be the fully dedicated Head of Global Transaction Banking.
  • Since joining MUFG in 2015, Mr. Fattell has served as the Head of Transaction Banking Americas Product Management.