IDEAS home Printed from https://ideas.repec.org/a/aza/jpss00/y2019v13i1p6-12.html
   My bibliography  Save this article

Behind the launch of The Clearing House’s RTP® network: An interview with Timothy Mills

Author

Listed:
  • Laverdure, Brian

    (Director, Emerging Payments Education, EPCOR, USA)

  • Mills, Timothy

Abstract

In the 1960s, improvements in telecommunications and computers sparked the first age of electronic payments in the USA, leading to the development of the Automated Clearing House network. In the decades since, increasingly rapid communications and globalised commerce pushed the industry to develop real-time payments to support the modern economy. A critical moment in the pursuit for faster payments occurred in November 2017 when The Clearing House launched the RTP® network, the country’s first real-time payment system. This interview with Tim Mills, Vice President of Business Development and Product Management at The Clearing House, recounts the origins of the RTP® network, shares insights from its first year of operation, and discusses parallels between the development of electronic payments and the race to land a man on the moon.

Suggested Citation

  • Laverdure, Brian & Mills, Timothy, 2019. "Behind the launch of The Clearing House’s RTP® network: An interview with Timothy Mills," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 13(1), pages 6-12, March.
    • Handle: RePEc:aza:jpss00:y:2019:v:13:i:1:p:6-12
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/4989/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/4989/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    electronic payments; realtime payments; history of payments; ACH; faster payments; The Clearing House;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jpss00:y:2019:v:13:i:1:p:6-12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.