Central Banking

Vocalink to deliver ‘new generation’ real-time payments in US

david-yates-vocalink
David Yates, CEO of Vocalink

UK-based payments firm Vocalink is to provide the software behind a new US real-time payments system, with the aim of delivering both credit and debit transactions instantaneously.

Vocalink revealed on October 26 it has been chosen to provide "software and services" for a real-time system to The Clearing House (TCH), a bank-owned automated clearing house operator that accounts for around 50% of US commercial clearing volume.

The Federal Reserve has been leading the initiative to deliver real

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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