- The Clearing House’s real-time payments network is available to 56% of US demand deposit accounts.
- And it must keep growing its reach to battle serious competitors like the Fed and Visa.
- Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry with the Payments & Commerce Briefing. You can learn more about subscribing here.
The Clearing House’s (TCH’s) real-time payments (RTP) network now directly reaches 56% of US demand deposit accounts (DDAs) through its roster of financial institutions (FIs), per a press release.
And the network’s capabilities can be made available to a total of 70% of US DDAs because many FIs that aren’t a part of the RTP network can join via banking technology providers like ACI Worldwide and Jack Henry that have already partnered with