New York – DH Corporation (TSX: DH) (“D+H”), a leading provider of technology solutions to financial institutions globally, today announced the availability for industry testing of its U.S. real-time payment processing solution, which will enable U.S. banks to commence testing on The Clearing House’s (TCH’s) real-time clearing and settlement network to support real-time payments in the United States.
D+H’s global payments hub technology will allow consumers and businesses to send, request and receive payments instantly, directly from their accounts at participating financial institutions. Banks are now able to work with D+H to test their ability to connect to the network and bring new real-time payment services to the U.S market, once TCH’s real-time network launches later this year.
“As The Clearing House works hard to make real-time payments a reality in the United States, we are pleased that D+H is providing financial institutions a solution to connect to our network,” says Steve Ledford, SVP of Product and Strategy at The Clearing House. “Ubiquity is a top priority for our RTP system and D+H’s real-time payment processing solution will help us achieve that goal by greatly expanding the reach of our RTP system in the U.S.”
“D+H shares TCH’s commitment to the speed, availability, convenience, and information rich messaging that define real-time payments,” says Moti Porath, Head, Product Management, Global Payments Solutions, D+H. “We are excited by the opportunity to apply our vast experience with immediate payments schemes around the world to provide banks with access to real-time payments in the United States.”
The Clearing House Payments Company L.L.C. owns and operates core payments system infrastructure in the United States and is currently working to modernize that infrastructure by building a new, ubiquitous, real-time payment system.