Central Banking

Swift helps US real-time payments movement gain traction


Global payments messaging firm Swift has teamed up with a project that will bring real-time payments to the United States in 2018.

Providing a “gateway” to The Clearing House’s real-time payments platform, Swift will provide software that will allow institutions to connect to the new infrastructure, which will eventually process 5,000 payments a second.

“Financial institutions need to be able to connect with us. Swift is one of the partners helping banks hook into our system,” Steve Ledford

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