TCH Just Made the Case for a Federal Reserve Real-Time Payments Alternative
Posted 04/18/19
For many years, The Clearing House (“TCH”) has occupied an unusual space in the payments industry. Owned by 26 of the largest banks in the United States, TCH is uniquely capable of deploying a set of payment rails that could be transformative. Few can match what TCH brings to the table. TCH operates a wire transfer platform (CHIPS), an ACH network (EPN), a check imaging system and, most consequentially, a...