Mastercard and The Clearing House (TCH) announced an extensive multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through the adoption of real-time payments (RTP ). RTP network.
The partnership continues Mastercard’s role as the exclusive provider of instant payment software for TCH’s RTP network, enabling both companies to integrate new instant payment use cases across a range of payment flows.
“Technology is giving consumers and businesses more choices in how they want to pay and get paid,” said Linda Kirkpatrick, President of the Americas at Mastercard. “Our long-standing partnership with The Clearing House supports choice in payments by enabling modern and ubiquitous real-time rails for bank-owned payments. We are pleased to extend and strengthen our support to The Clearing House and its bank owners in achieving our mutual goals of providing security, reliability and efficiency in real-time payments.”
“Clearing House and Mastercard designed and delivered the RTP network, the leading instant payment platform in the United States, and have a strong history of working together to deliver innovative, scalable and secure products,” said Lee Alexander, EVP and Chief Information Officer. Officer, The Clearing House. “The expanded partnership will help both companies design the next generation of instant payment capabilities for financial institutions and their customers.”