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Insights
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If the Federal Reserve’s new payments system fails out of the gate, the results will be worse than if the market had been left to its own devices. -
The idea that a Fed real-time payment system will enhance competition ignores a key point - it will slow innovationThe Fed Can’t Regulate and Innovate at the Same Time
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A faster payments system built by the Federal Reserve is a complex proposal that will take years to build, delaying the benefits of faster payments to all Americans.Can the Fed realistically deliver a faster payments system?
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Should the Fed deliver a faster payments system?
Industry experts disagree what role - if any - the Federal Reserve should play in the building of a faster payments system.
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A new payment system might sound good paper but would be disastrous in reality, argues TCH’s Jim Aramanda.Beware the drawbacks of a Fed-operated real-time payments system
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Community banks and credit unions welcome a place at the table when it comes to the strategic execution of the RTP network.Smaller banks see TCH outreach as a good sign
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Large and small banks contribute to real-time payments network governanceThe Clearing House Unveils Business Principles for the RTP Network
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Members of the RTP Corporate Advisory Group soon realized the potential of the RTP network’s real-time payments and messaging functionality.Customer experience drives the early adopters of the RTP network
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Step Aside, Fed: There’s Already an RTP® Network
The Cato Institute’s George Selgin tells the Federal Reserve that a real-time payments system is already up and running and the introduction of a competing Fed system would be counterproductive.