Dovetail, the provider of best-in-class payments and liquidity management solutions, today announces the readiness of its solutions for the Real-time Payment (RTP) system being developed by The Clearing House (TCH) and its active involvement in the initial launch.
When the RTP system is initially launched in the first half of 2017, Dovetail solutions will enable financial institutions to benefit from the full capabilities of the TCH system including the extended information flows provided uniquely by the TCH real-time payments opportunity.
Commenting on the announcement Steve Ledford, Senior Vice-President, Product and Strategy of The Clearing House, said, "I am delighted that Dovetail, one of the leading providers of industrial scale payment solutions globally, will be in the first wave of partners to validate their solution with The Clearing House. The Clearing House encourages the development and deployment of a range of options for banks to maximise the ease and pace of real-time payments adoption across the country".
Martin Coen, CEO of Dovetail, commenting on the announcement said, "Dovetail has been working closely with The Clearing House from the outset – participating in the ISO Real-time Payments technical committees, and initial architectural discussions. We are delighted to see the progress with market participants, and look forward to industrial strength real-time payments in the US becoming a reality next year".