In 2015, the Federal Reserve created a diverse array of stakeholders to work on strategies for improving the US payment system. The group, Faster Payments Task Force, held their first meeting in 2015. The mission of the Task Force is to identify and assess alternative approaches for implementing safe, ubiquitous, faster payments capabilities in the United States. The Federal Reserve is scheduled t Read More


"The Clearing House Payments Company L.L.C. (“The Clearing House”) and the Electronic Clearing House Organization (“ECCHO”) announced that they have agreed to pursue a strategic opportunity that would transfer the business and operations of ECCHO to The Clearing House.  Once the ECCHO business is acquired, The Clearing House intends to maintain and operate all of the core ECCHO business f Read More


The X9C1 BTRS work group (part of the X9C Corporate Banking subcommittee) has published new Detail and Summary codes to support the new Real Time Payment credit transfers. These codes are now available on the ANSI web store along with the standard X9.121-2016 Balance and Transaction Reporting Standard BTRS Version 3 (BTR3) (Format Guide). To learn more about these new codes and about the X9.121-20 Read More


The second consultation paper issued by the DSB Product Committee has been published and is now open for responses. The consultation is focused on a single instrument, the fixed-float plant vanilla interest rate swap definition and requests feedback on some key principles regarding the attributes that should form p Read More