TCH operates core payments systems in the U.S. that clear and settle $2+ trillion each business day through wire, ACH, check image, and instant payments.
What if your tax refund arrived days or weeks earlier than expected?
In the latest Payments Nerds® podcast, Republic Bank's William Nelson and Natasha Dobson discuss how instant payments over the RTP® network are transforming the tax refund experience for customers.
From weekend refund advances to delivering IRS refunds much faster, they break down how instant payments are improving customer cash flow, reducing friction, and meeting growing consumer expectations for instant access to money.
This episode covers:
--How the RTP network is speeding up tax refund delivery
--Why instant payments matter for consumers living paycheck to paycheck
--The banks can overcome potential operational obstacles to instant payments
--How customer expectations are shaping the future of banking
--What’s next for RTP adoption and tax refund innovation
As Natasha Dobson says, faster payments are no longer a “premium feature” — they are the expectation.
Tune in to hear how Republic Bank is meeting and exceeding customer expectations with faster tax refunds:
https://t.co/Gyej86iuGt
#Payments #RealTimePayments #RTP #TaxRefunds #InstantPayments #PaymentsNerds
@Huntington_Bank has joined the CHIPS® network, the world’s largest private-sector U.S. dollar clearing and settlement system.
By joining the CHIPS network, Huntington Bank expands its ability to send and receive high-value domestic payments through a secure, resilient, and liquidity-efficient infrastructure trusted by financial institutions globally.
“Huntington’s participation in the CHIPS network strengthens its ability to deliver reliable, high-value, and scalable payment solutions to clients,” said Deepak Kapoor, Head of Payments Product at Huntington Bank.
As demand for efficient, resilient payment infrastructure continues to grow, the CHIPS network remains focused on supporting the evolving needs of the payments ecosystem through expanded participation, ISO 20022 adoption, and enhanced network capabilities, including extended hours. The network processes more than $2 trillion in payments daily and delivers significant economic value by reducing funding demands while supporting growing payment volumes.
Read more:
https://t.co/9BvbumhEjz
Michael Knorr Richard Dzina
#Payments #Banking #CHIPS #TreasuryManagement #LiquidityManagement