The Clearing House Extends Olive Branch on Faster Payments

The Clearing House, which is owned by a consortium of the biggest banks, has extended an olive branch to smaller banks for real-time payments; they announced the addition of 4 seats on their RTP Business Committee so they can provide input on development; Cary Whaley, a vice president at the Independent Community Bankers of America, said the move is a step in the right direction according to American Banker; banks are also waiting to see what the Fed will do on faster payments after the comment period ended in December. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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