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The Clearing House
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About The Clearing House
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Websitetheclearinghouse.org
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Compare The Clearing House with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | - based on 0 reviews | 3.9/5 based on 6.1k reviews | 4.0/5 based on 5.8k reviews | 4.0/5 based on 8.9k reviews |
Highly Rated for | - | Work-life balance Job security Company culture | Job security Company culture Skill development | Salary Skill development Job security |
Critically Rated for | - | Promotions | No critically rated category | No critically rated category |
Primary Work Policy | - | Hybrid 84% employees reported | Hybrid 82% employees reported | Work from office 80% employees reported |
Rating by Women Employees | - no rating available | 4.0 Good rated by 1.9k women | 4.0 Good rated by 1.9k women | 3.9 Good rated by 750 women |
Rating by Men Employees | - no rating available | 3.9 Good rated by 3.9k men | 4.1 Good rated by 3.5k men | 4.0 Good rated by 7.6k men |
Job security | - Data not available | 4.0 Good | 4.2 Good | 3.8 Good |
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The Clearing House Salaries
CDP
(2 salaries)
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â‚ą3.2 L/yr - â‚ą4.1 L/yr
Chef
(2 salaries)
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â‚ą0.2 L/yr - â‚ą0.2 L/yr
Identity and Access Management Analyst
(2 salaries)
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â‚ą8.6 L/yr - â‚ą10.9 L/yr
Commis III
(1 salaries)
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â‚ą1.1 L/yr - â‚ą1.4 L/yr
Assistant Restaurant Manager
(1 salaries)
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â‚ą5.4 L/yr - â‚ą6.9 L/yr
Sous Chef
(1 salaries)
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â‚ą5.4 L/yr - â‚ą6.9 L/yr
Assistant Manager
(1 salaries)
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â‚ą5.4 L/yr - â‚ą6.9 L/yr
Cook
(2 salaries)
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â‚ą2.7 L/yr - â‚ą3.5 L/yr
House Cleaner
(1 salaries)
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â‚ą0.2 L/yr - â‚ą0.2 L/yr
The Clearing House News
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Real-Time Payments Go Big: $10M Limits and Instant APIs Transform Transactions
- The Clearing House's RTP network is set to increase its transaction limit to $10 million in February, revolutionizing high-value transactions.
- Cybrid's new instant payments API integrates cryptocurrency technologies with established systems, providing faster cross-border transactions and global financial connectivity.
- Visa Direct will deliver funds to U.S. bank accounts within one minute starting in April, offering a more agile platform for deposits linked to debit cards.
- Real-time payments are evolving to meet the demands of the financial landscape, providing faster transactions, greater adaptability, and innovative solutions.
Pymnts | 2 Jan, 2025
The Clearing House Looks to New Commercial Use Cases to Drive Real-Time Payments Growth
- The Clearing House has raised the transaction limit on its RTP network to $10 million.
- The increased transaction limit is a response to the growing demand for real-time payments and the emergence of new use cases on the network.
- Over 270,000 businesses are currently utilizing the RTP network, and they have expressed the need for higher transaction limits to leverage faster payments for real estate transactions and supply chain payments.
- New use cases expected to gain momentum include instant merchant settlements, payroll funding, and intercompany funds movement.
Pymnts | 13 Dec, 2024
Update: Real-Time Payments Reach New Milestones Across the US and Beyond
- Real-time payments have achieved significant milestones in 2024, transforming the way money moves globally.
- In the United States, the Mastercard and The Clearing House partnership has expanded the adoption of real-time payments through the RTP network.
- The FedNow Service has seen substantial growth, enrolling over 900 financial institutions since its launch.
- In Europe, the adoption of the Instant Payments Regulation mandates instant credit transfers across the European Union.
- Switzerland has also taken a step into real-time payments with the launch of the Swiss National Bank's instant payment system.
Pymnts | 6 Dec, 2024
Will Higher Instant Payment Limits Take B2B Share from ACH?
- With new, higher limits on real-time payments, there may be some cannibalization of ACH payments in the B2B space.
- Approximately 40% of commercial transactions in B2B are still tied to checks.
- Same-day ACH volume has been increasing, with a 65.7% leap in the third quarter of the previous year.
- The Clearing House's RTP Network will now allow individual transactions of up to $10 million, supporting growth in real estate, supply chain payments, and higher-value B2B transactions.
Pymnts | 6 Dec, 2024
RTP Network Raises Individual Transaction Limit to $10 million
- The Clearing House plans to raise its instant payment network’s individual transaction limit to $10 million.
- Starting next year, the RTP Network will allow individual transactions of up to $10 million.
- The new limit supports growth in areas like real estate, supply chain payments, and higher-value business-to-business transactions.
- The increased limit will go into effect on February 9, 2023.
Pymnts | 5 Dec, 2024
Clearing House Settles Record $2.6 Trillion in Black Friday Payments
- The Clearing House's CHIPS network settled and cleared a record 1,083,550 payments valued at $2.63 trillion on Black Friday.
- The high volume can be attributed to overseas banks sending transactions that couldn't be processed on Thanksgiving.
- The adoption of the ISO 20022 message format and the efficiency of the CHIPS network contributed to the increased volume.
- TCH's RTP network also set single-day records in transactions and value earlier this year.
Pymnts | 3 Dec, 2024
RTP Network Begins November With Record 1.46 Million Instant Payment Transactions
- The Clearing House's RTP network set a single-day record on November 1 with 1.46 million transactions valued at $1.24 billion.
- In October, the network processed 31.7 million transactions valued at $25.4 billion, marking a 6.2% increase in volume and a 9% increase in value compared to September.
- Payment value on the RTP network has increased by 11.4% since July, and transaction volume has grown by 12%.
- A PYMNTS Intelligence report found that 68% of businesses plan to adopt instant payments via RTP or the FedNow Service in the next two years.
Pymnts | 13 Nov, 2024
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