D+H will provide U.S. financial institutions with access to TCH's domestic real-time payments system.
NEW YORK, March 17, 2016 /PRNewswire/ - DH Corporation ("D+H") (TSX: DH), a leading provider of technology solutions to financial institutions globally, today announced that it is partnering with The Clearing House (TCH) to provide real-time payments to U.S. financial institutions. Financial institutions will now be able to use D+H's payments, core and channel applications to access TCH's ubiquitous real-time payment system in the United States, making payments seamless, certain, and frictionless.
D+H's payments technology already supports the processing of millions of faster payment transactions throughout Europe and Asia every day, and will now add capabilities in the United States through TCH's new U.S. framework. Leveraging its deep, real-time payments processing experience from the U.K., Sweden, and Singapore, D+H will now enable U.S. financial institutions of any size—including the nearly 6,000 U.S. financial institutions currently working with D+H—to connect with TCH for the origination, processing and settlement of real-time payments.
"We are excited to work with D+H, which has extensive experience in connecting its customers with faster payment products," says Steve Ledford, SVP of Product and Strategy at The Clearing House. "D+H is a leader in the payments industry with a vast network of financial institution clients, so this partnership is an important milestone as we work toward delivering a ubiquitous real-time payment system."
"The Clearing House's real-time payment system is a tremendous innovation, bringing to the U.S. a scheme that enables participants to process payments end-to-end, in real-time," says Chris Zingo, global head of sales, D+H. "D+H is already a part of the real-time payments transformation in other parts of the world and recognizes real-time payments as an enabler of new modes of commerce with great benefits to the banking industry and society at large. We are excited and committed to bring real-time payments acceptance and accessibility to the United States, as well."
D+H (TSX: DH) is a leading financial technology provider the world's financial institutions rely on every day to help them grow and succeed. Our lending, payments, integrated core and global transaction banking solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues well in excess of $1 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings. For more information, visit dh.com.
SOURCE DH Corporation