The Clearing House

Galileo Expands Collaboration with The Bancorp to Offer Real-Time Payments via The Clearing House

Retrieved on: 
Monday, March 4, 2024

Real-time payments are available any time of day, year-round, ensuring the instant availability of funds even when traditional methods such as ACH and wires are unavailable.

Key Points: 
  • Real-time payments are available any time of day, year-round, ensuring the instant availability of funds even when traditional methods such as ACH and wires are unavailable.
  • Businesses can offer real-time payments to their customers via Galileo and The Bancorp.
  • Enhanced Customer Satisfaction: The speed and convenience of real-time payments significantly enhance the customer experience, eliminating delays in payments.
  • “With this integration between The Bancorp and Galileo, we can offer a swift, efficient way to ensure faster money movement today.”

The Tel-Aviv Stock Exchange Reports the Results of the Financial Statements for the Fourth Quarter and Full Year 2023

Retrieved on: 
Wednesday, March 6, 2024

Revenues in the fourth quarter totaled NIS 101 million, compared to revenues of NIS 86 million in the corresponding quarter last year, an 18% increase.

Key Points: 
  • Revenues in the fourth quarter totaled NIS 101 million, compared to revenues of NIS 86 million in the corresponding quarter last year, an 18% increase.
  • The adjusted profit in 2023 totaled NIS 89 million, compared to NIS 51 million in 2022, an increase of 74%.
  • The adjusted profit in the fourth quarter totaled NIS 23 million, compared to NIS 13 million in the corresponding quarter last year, an increase of 70%.
  • TEL AVIV, Israel, March 6, 2024 /PRNewswire/ -- The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) today announced its financial results for the fourth quarter ended December 31, 2023 and for 2023.

Volante Technologies' Deepak Gupta appointed to the U.S. Faster Payments Council Board Advisory Group

Retrieved on: 
Wednesday, February 28, 2024

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Volante Technologies, the global leader in payments as a service, today announced the appointment of Deepak Gupta, EVP Product, Engineering & Services at Volante, to the U.S. Faster Payments Council (FPC) 2023-2024 Board Advisory Group.

Key Points: 
  • Faster Payments Council (FPC) 2023-2024 Board Advisory Group .
  • Luhtanen continued, "According to our 2023 Faster Payments Barometer survey, 78% of financial institutions say faster payments are necessary for their organization.
  • "Faster payments are at the forefront of innovation in the financial services industry," said Deepak Gupta, EVP Product, Engineering & Services, Volante Technologies.
  • Check out the latest Faster Payments Barometer for more information on today's faster payments perceptions, trends, and practices.

Trice is a New Technology Provider for the RTP® Network from The Clearing House

Retrieved on: 
Wednesday, February 14, 2024

AUSTIN, Texas, Feb. 14, 2024 /PRNewswire/ -- Today, Trice announced its launch as a technology provider and real-time payments gateway for the RTP® network from The Clearing House, with TransPecos Banks as Trice's partner for the bank's real-time payments. Trice's future-proof modern payments gateway is built specifically to support real-time account-to-account payments and deposits with scalable infrastructure, streamlined onboarding, and simplified operations; making it easy for digital wallets, investing apps, lending apps, payment providers, and fintech's to move money.

Key Points: 
  • AUSTIN, Texas, Feb. 14, 2024 /PRNewswire/ -- Today, Trice announced its launch as a technology provider and real-time payments gateway for the RTP® network from The Clearing House, with TransPecos Banks as Trice's partner for the bank's real-time payments.
  • "Becoming a technology provider that offers connectivity to the RTP network through depository institutions is a tremendous achievement, and we're beyond grateful to The Clearing House and TransPecos Banks for helping make it possible," said Doug Yeager, CEO, and Co-founder of Trice.
  • "We're focused on opportunities to continue to grow the RTP network ecosystem, including many opportunities with innovators and technology providers such as Trice."
  • "Becoming an RTP® technology provider is a rigorous process," said Linda Loof Head of BaaS Partnerships, at TransPecos Banks.

Cross River and Aeropay Partner to Boost Instant Payouts for Gaming

Retrieved on: 
Wednesday, February 7, 2024

“We’re proud to partner with innovators like Aeropay, who are solving pain points across verticals and providing real-time and instant access to user funds.”

Key Points: 
  • “We’re proud to partner with innovators like Aeropay, who are solving pain points across verticals and providing real-time and instant access to user funds.”
    With a focus on transaction compliance and state-by-state regulatory approval, Cross River and Aeropay utilize custom API integrations to seamlessly onboard operators and give players access to instant payouts, while providing security through real-time transaction monitoring.
  • Facilitated by Cross River, an early participant in the RTP® network built by The Clearing House, instant payouts allow users instantaneous access to their winnings on the weekends, building player satisfaction and loyalty.
  • "Partnering with forward-thinking institutions like Cross River enables us to deliver more tangible value to users and operators," said Daniel Muller, CEO of Aeropay.
  • One of Cross River’s fastest-growing RTP® providers, since enabling instant payout capabilities, Aeropay has seen a peak of 50% more high-frequency users, signaling the value of instant payouts to Aeropay users.

CSI Banking Priorities Report: Digital Account Opening, AI, Digital Wallets Emerge as Leading 2024 Initiatives for Community Banks

Retrieved on: 
Thursday, February 1, 2024

“The Banking Priorities report exemplifies the strength, stability and longevity of the community banking market,” said David Culbertson, CEO and president of CSI.

Key Points: 
  • “The Banking Priorities report exemplifies the strength, stability and longevity of the community banking market,” said David Culbertson, CEO and president of CSI.
  • “Seeing financial wellness also ranking highly on bankers’ priorities reinforces a community bank’s opportunity to serve as the epicenter of their community’s financial health.
  • Such priorities reflect an emphasis on overall digital engagement, aligning naturally with digital account opening leading bankers’ technology investments in 2024.
  • “For example, enabling push provisioning within their digital banking platform is a win-win.”
    To access the full report, click here .

Mastercard and The Clearing House Extend Partnership on Real-Time Payments

Retrieved on: 
Wednesday, January 24, 2024

Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network.

Key Points: 
  • Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network.
  • Instant payments became a reality in the U.S. in 2017 when The Clearing House launched the RTP network, the first new payment rail in 40 years designed and powered by Mastercard.
  • “Our long-term partnership with The Clearing House supports choice in payments through the enablement of modern and ubiquitous real-time rails for bank-owned payments.
  • We're pleased to extend and enhance our support of The Clearing House and its owner banks to deliver on our mutual goals to provide safety, reliability, and efficiency of real-time payments."

Matera's "Pix by the Numbers" Report Reveals Surge in 2023 as Businesses Shift Away from Credit Cards

Retrieved on: 
Tuesday, January 23, 2024

The latest Pix by the Numbers report covers data through Q4 2023 and shows that the number of Pix transactions is 13% more than credit and debit combined.

Key Points: 
  • The latest Pix by the Numbers report covers data through Q4 2023 and shows that the number of Pix transactions is 13% more than credit and debit combined.
  • These include:
    Pix Continues to Accelerate Past Debit and Credit: Pix transactions for Q2 2023 totaled 9.4 billion vs. 4.4 billion credit card and 3.9 billion debit card transactions.
  • Credit and Debit Share of Transactions has been Declining Since Pix Launched: Pix accounted for 36% of all transactions in Q2 2023, up from 25% a year ago.
  • Fastest Growing Pix Use Case is Consumers Paying Businesses: 36% of Pix transactions in December 2023 were made by consumers paying merchants and billers instantly.

Volante Technologies survey: faster payments top priority for U.S. banks

Retrieved on: 
Thursday, January 18, 2024

NEW YORK, Jan. 18, 2024 /PRNewswire/ -- Volante Technologies, the global leader in payments as a service, today issued the results from its third annual mid-tier bank payments modernization report. The report shows high interest and enthusiasm for faster payment networks, with 78% of U.S. financial businesses saying it is a "must-have" for their organization.

Key Points: 
  • NEW YORK, Jan. 18, 2024 /PRNewswire/ -- Volante Technologies , the global leader in payments as a service, today issued the results from its third annual mid-tier bank payments modernization report .
  • Several banks already use the Volante PaaS platform for The Clearing House RTP® (TCH RTP) or FedNow® Instant Payments Service or are about to certify on these networks.
  • Erika Bauman, Director, Commercial Banking & Payments Practice, Datos Insights, said, "The interest in real-time payments and the impressive adoption rate of real-time payment usage across the networks underline a transformative shift in the payments ecosystem.
  • It offers invaluable insights into the evolving payments landscape among U.S. mid-tier banks and credit unions with assets between $1B to $50B.

Trice Secures Seed Funding from Diagram Ventures, Royal Bank of Canada, and JAM FINTOP to Propel Innovation in Real-Time Bank Payments

Retrieved on: 
Tuesday, January 9, 2024

This round featured strategic investments from Diagram Ventures, Royal Bank of Canada (RBC), and JAM FINTOP.

Key Points: 
  • This round featured strategic investments from Diagram Ventures, Royal Bank of Canada (RBC), and JAM FINTOP.
  • Steve Schultz, Partner at Diagram Ventures said, "Diagram Ventures is thrilled to lead the seed investment in Trice as part of our commitment to fostering innovation in fintech.
  • Together with co-investors JAM FINTOP and RBC, we are confident in Trice's ability to enable high-impact use cases for real-time payments.
  • "Trice is a leading real-time payments gateway company, and we recognize the potential of Trice's innovative platform to revolutionize the payments landscape.