Payments Pulse

August 14, 2020

Payments Pulse

Industry News & Resources

Messaging Meets Payments with Request to Pay

Source: PaymentsJournal

6 Simple Tips to Increase Your Treasury Management Revenue

Source: RLR Management

Apple Acquisition: Startup Turns iPhones into Payment Terminals

Source: 9TO5Mac

TCH Statement on the Federal Reserve’s August 6 Announcement

Source: The Clearing House

We Get Questions...

Q.) We have an account holder who was not required to file a tax return and used the ‘Non-filers Enter Payment Info Here’ tool to provide information about one or more qualifying children. She received her $1200 Economic Impact Payment (EIP) but did not get the additional $500 EIP for each qualifying child. What should she do?

A.) The IRS will automatically issue the additional $500 EIP per qualifying child to affected individuals in early August for those who used the Non-Filers tool before May 17, 2020 (Those who used the tool on or after that date should already have received the EIP for qualifying children). Direct deposit payments are scheduled for August 5, 2020, and paper checks or debit cards are scheduled to be mailed August 7, 2020. Your account holder can visit Get My Payment to check the status of the $500 EIPs. She will also receive a notice in the mail letting her know the EIP was issued. If she received her EIP by direct deposit, the additional $500 EIP per qualifying child will be direct deposited to the same account. If she received her EIP in the mail, the additional EIPs will also be mailed to the address of record.

Have a question for TCHPA? Call 800-875-2242 (choose option 3) or email education.services@theclearinghouse.org.

2020 NCP Exam Cancelled

With COVID-19 concerns and the health and safety of NCP candidates in mind, ECCHO recently announced their decision to cancel the 2020 NCP Exam. Additional details can be found by clicking on the links below:

NCP Exam Update (August 10th ECCHO announcement)
TCHPA Payments Certification page (NCP section)

Note: Nacha is proceeding with their plans for the AAP and APRP Exams in 2020 and will provide test-site safety guidance for all who are registered to sit for the exam.

TCHPA Education No charge for members!

Scheduled Sessions:

Aug

RTP Virtual Town Hall

Sep

ACH Data Security Requirements and Considerations

Real-Time Payments

The RTP® network - What's in it for you?

If you’ve got questions, look no further.

RTP Virtual Town Hall (Webinar)
August 18, 2020 11:00am – Noon ET

Join TCHPA for a discussion focused on real-time payments and The Clearing House's RTP® network. Learn how RTP fits into the current faster payments landscape in the U.S., and how RTP can help financial institutions of all sizes enhance their relationships with account holders. We'll also discuss how RTP can help businesses to streamline operations and offer leading edge services to customers. Real-time payments are here, now. Register today and be a part of the conversation.

RTP: Ready to Receive (Webinar Series)
September 11, 2020 10:00 – 11:30am ET

This 3-part series will provide attendees with an overview of the RTP® network, with a focus on rules compliance and operational considerations. The third session in this series will touch on sending payments through the RTP® network.

RTP Update (Webinar)
November 19, 2020

Join TCHPA as we welcome Steve Ledford, SVP of Product Management at The Clearing House for an RTP® network update. We'll review 2020 milestones, including RTP® network growth and advancements in innovation, as well as provide a look ahead at what's planned for 2021.

Member Support

Remember, when you need support from The Clearing House Payments Authority (TCHPA), you can reach our Member Services staff directly by calling 800-875-2242 and choosing option 3, or by emailing education.services@theclearinghouse.org. Although our staff is working remotely due to the COVID-19 pandemic, we’re still available to provide the support you need in a timely manner!

Professionals in every trade have an association they rely on for industry expertise, support and resources. We're the Association for Payments People.

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