D+H's service provides an opportunity for banks to utilize D+H's U.S. real-time initiation channels and payment hub solution to quickly and easily simulate the execution and clearing of payments on the TCH network. D+H is the first payments hub vendor to provide banks in the United States with quick, easy and low-risk access to a cloud-based test environment for real-time payments.

D+H's testing environment will provide banks with simulated connectivity to the TCH real-time payments network with minimal investment. Leveraging D+H's optional open API layer, banks can also directly connect their own payment channels and apps to the environment. Banks will thus be able to easily assess the benefits that real-time payments provide and accelerate their adoption of this new payment mechanism. The benefits of real-time payments to banks include enhanced operational efficiencies, access to new customers, and increased competitive advantage, while banks' customers will benefit from the immediacy and certainty associated with real-time payment execution.

"The Clearing House is committed to making real-time payments a reality in the United States," says Steve Ledford, SVP of Product and Strategy at The Clearing House. "D+H is playing a significant role in promoting its general acceptance, by giving banks a low-risk environment to experiment with real-time payments and experience its benefits."

"Real-time payments are the future of payments, and D+H has played an active role in their acceptance in countries around the world where the fast and efficient exchange of money is now the norm," says Moti Porath, Head, Product Management, Global Payments Solutions, D+H. "We are excited to apply our vast payments experience, including that gained from working with real-time payments systems in the United Kingdom, Sweden, Australia, and Singapore, and provide a cloud-based testing environment to banks in the United States in order to help drive the adoption of real-time payments."