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Swift teams with TCH to drive instant payments in US

Swift teams with TCH to drive instant payments in US

August 16, 2017

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The global financial messaging provider says it will provide US institutions with a gateway to The Clearing House’s (TCH) real-time payments (RTP) platform. And as instant payments become more ubiquitous in the US, Swift says it will provide an interface to manage the requirements of sending and receiving domestic instant payment transactions on behalf of customers.

TCH is building a new clearing and settlement system to support domestic instant payments in the US, enabling consumers and businesses to send and receive payments in real-time and directly from their accounts at financial institutions.

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