B2B Payments

The Clearing House Taps IBM For Real-Time Payments


New details have emerged about The Clearing House’s (TCH) real-time payments rollout, planned to hit the U.S. next year.

Reports on Wednesday (Sept. 21) said TCH has chosen IBM’s servers to power the hardware of its real-time payments infrastructure. IBM’s Power8 infrastructure will host the platform in the U.S., the companies announced.

The rollout to major banks in the U.S. next year will be “a revolution in the payments market,” according to TCH CIO Tom Statnick, who added that it will “provide a hub that is accessible to all financial institutions and allow customers to use their existing accounts at financial institutions to send and receive payments.”

U.K.-based Vocalink is also supporting the real-time payments platform, which the company described as “the first-of-its-kind payments system in the U.S.” According to reports, TCH currently clears $2 trillion in payments very day. Vocalink said the new payments platform will enable it to handle “millions of bank payments settled daily, in real time, in a security-rich environment.”

Earlier this year, ACI Worldwide announced that it would also be supporting TCH’s real-time payments initiative.

In July, the PYMNTS.com Faster Payments Tracker, in collaboration with NACHA, highlighted the volume of transactions expected to pass through TCH by 2022: 8 billion real-time transactions.

The Clearing House’s latest partnership with IBM comes just days before the rollout of Same Day ACH, which will be operated by NACHA.


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