AccessGateway, the UK-based international real-time payments systems gateway solutions provider, has announced that they will work with The Clearing House (TCH) to link U.S. banks to a new national real-time payments system under development.
The announcement comes several weeks' after TCH revealed that work had commenced on building the industrial-strength payments system, which once completed will be the most comprehensive real-time payments system ever developed.
On speaking to Ali Moiyed, CEO and Founder of AccessGateway, he said "We are very excited about working with TCH to help deliver this innovative and exciting project for the U.S. payments sector. Designed with a clear focus on being ubiquitous, our Gateway+ connectivity solution will enable U.S. banks - regardless of size or charter type - to achieve direct end-to-end technical access to the new TCH Real-time Payments system.
"The U.S. is by far the largest payments market in the world and to be a part of it, at a time when monumental changes are taking place, is a huge opportunity for AccessGateway."
Commenting on their working relationship, Steve Ledford, Senior Vice President, Product and Strategy at The Clearing House said: "We are delighted to add AccessGateway to the list of vendors working to support U.S. banks as they adapt to transformational changes taking place in the U.S. payments sector."
The announcement comes several weeks' after TCH revealed that work had commenced on building the industrial-strength payments system, which once completed will be the most comprehensive real-time payments system ever developed. The Clearing House first announced it would develop the real-time system in October 2014 and spent more than a year designing the capabilities of the new system.
Once the TCH Real-time Payment system is live, banks will be able to connect to the new infrastructure using the Gateway+ real-time payments system gateway solution provided by AccessGateway and others.
We hope solutions like Gateway+ will encourage banks across the U.S. to deliver real-time payments to their customers seamlessly, through their existing banking platforms.