The Clearing House Extends Olive Branch on Faster Payments

The Clearing House, which is owned by a consortium of the biggest banks, has extended an olive branch to smaller banks for real-time payments; they announced the addition of 4 seats on their RTP Business Committee so they can provide input on development; Cary Whaley, a vice president at the Independent Community Bankers of America, said the move is a step in the right direction according to American Banker; banks are also waiting to see what the Fed will do on faster payments after the comment period ended in December. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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