Friday Harbor, WA, United States
Friday Harbor, WA, United States

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JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS™ (NYSE:FIS), a global leader in financial services technology, and The Clearing House Payments Company L.L.C. (TCH) announced today the launch of a hosted Real-Time Payments Incubator service for early-adopter financial institutions in the United States. The service – the first of its kind in the country – is designed to accelerate the path to real-time payments for U.S. financial institutions by lowering their cost of entry for connecting to the TCH Rea


"As The Clearing House works hard to make real-time payments a reality in the United States, we are pleased that D+H is providing financial institutions a solution to connect to our network," says Steve Ledford, SVP of Product and Strategy at The Clearing House. "Ubiquity is a top priority for our RTP system and D+H's real-time payment processing solution will help us achieve that goal by greatly expanding the reach of our RTP system in the U.S." "D+H shares TCH's commitment to the speed, availability, convenience, and information rich messaging that define real-time payments," says Moti Porath, Head, Product Management, Global Payments Solutions, D+H. "We are excited by the opportunity to apply our vast experience with immediate payments schemes around the world to provide banks with access to real-time payments in the United States." The Clearing House Payments Company L.L.C. owns and operates core payments system infrastructure in the United States and is currently working to modernize that infrastructure by building a new, ubiquitous, real-time payment system. About D+H D+H (TSX: DH) is a leading financial technology provider that the world's financial institutions rely on every day to help them grow and succeed. Our global payments, lending and financial 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 in excess of $1.6 billion CAD, 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.


Grant
Agency: European Commission | Branch: H2020 | Program: CSA | Phase: LCE-14-2014 | Award Amount: 1.87M | Year: 2015

The objective of BIOSURF (BIOmethane as SUstainable and Renewable Fuel) is to increase the production and use of biomethane (from animal waste, other waste materials and sustainable biomass), for grid injection and as transport fuel, by removing non-technical barriers and by paving the way towards a European biomethane market. This objective will be achieved through the following founding pillars: - National biomethane registries - Cooperation among the national biomethane registries - European mass-balancing system for biomethane - Free Market Biomethane Trade - Sustainable raw material supply - Methodology for entitlement to CO2 certificates - Regional specificities - Networking and Cooperation - Transferability of results beyond the projects countries. BIOSURF relates, within the Work Program 2014-2015 on Secure, clean and efficient energy, to the Call COMPETITIVE LOW-CARBON ENERGY, namely the topic LCE 14 2014/2015: Market uptake of existing and emerging sustainable bioenergy. The qualifying ideas of BIOSURF are: To develop a value chain analysis from production to use depending on the territorial, physical and economic features (specified for different areas, i.e., biofuel for transport, electricity generation, heating & cooling); To analyse, compare and promote biomethane registering, labelling, certification and trade practices in Europe, in order to favour cooperation among the different countries and cross border markets on the basis of the partner countries involved; To address traceability, environmental criteria and quality standards, so aiming to reduce GHG emissions and indirect land-use change (ILUC), to preserve biodiversity and to assess the energy and CO2 balance; to identify the most prominent drivers for CO2-emissions along the value chain as an input for future optimization approaches; To exchange information and best practices all along Europe concerning biomethane policy, regulations, support schemes and technical standards.


A system and method are disclosed for continuous intraday final settlement of payment orders among a plurality of participants, each participant having facilities configured to electronically send and receive the payment orders in the form of payment messages. Primary positions, corresponding to balances in a prefunded balance account, are stored. Supplemental positions, corresponding to balances in the prefunded balance account, are stored. Payment messages are received from sending participants. A selected payment message is released, such that the sending participants supplemental position is decreased by the payment amount and the receiving participants supplemental position is increased by the payment amount, if it is determined that: (i) the sending participants supplemental position, after subtraction of the payment amount, is greater than or equal to the predetermined minimum for the sending participants supplemental position, and (ii) the receiving participants supplemental position, after addition of the payment amount, is less than or equal to the predetermined maximum for the receiving participants supplemental position.


Patent
The Clearing | Date: 2013-07-29

A method for processing a trade, the method includes a computer generating a firm trade between two clearing participants. The method further includes transmitting the firm trade enrichment request to the clearing participants, and receiving enriched firm trade in response. The method further includes processing the firm trade as a cleared trade using the received enriched firm trade data. The method further includes submitting the firm trade to a trade reporting repository.


Patent
The Clearing | Date: 2015-07-22

A method for effecting electronic payment, safeguarding banking and account information, while utilizing existing payment systems. The method comprises generating a system routing number and a payment identification code (PIC) relating to the beneficiarys account information, distributing payment identification codes to the existing payment system and financial institutions owning the account related to the payment identification codes, and the originator receiving a system routing number and the beneficiarys PIC number. The method also includes the originator communicating a payment instruction to a financial institution of the originator, wherein the payment instruction includes the system routing number beneficiarys payment identification code, the originators financial institution receiving the payment instruction from the originator, wherein if the received PIC matches the originators financial institution internal list of PICs, the originators financial institution performs an on us transaction, and transmitting a payment instruction to an existing payment system in a case where the received PIC does not match originators financial institution internal list of PICs. The method also includes the existing payment system validating the received PIC, wherein if the PIC is invalid, the payment instruction is returned to the originators financial institution, converting the PIC and system routing number to a receiving payment instruction in a case where the PIC is a valid PIC, wherein the receiving payment instruction includes the beneficiarys financial institutions routing number and the beneficiarys account number. The existing payment system transmits the receiving payment instruction to a financial institution of the beneficiary, that financial institution credits the beneficiarys account if no problem exists, and otherwise returns a receiving payment instruction to the existing payment system. Upon receipt of the returned receiving payment instruction, the existing payment system translates the receiving payment instruction into the payment instruction prior to transmitting the payment instruction back to originators financial institution.


Patent
The Clearing | Date: 2014-02-14

A method for effecting electronic payment, safeguarding banking and account information, while utilizing existing payment systems. The method comprises generating a system routing number and a payment identification code (PIC) relating to the beneficiarys account information, distributing payment identification codes to the existing payment system and financial institutions owning the account related to the payment identification codes, and the originator receiving a system routing number and the beneficiarys PIC number. The method also includes the originator communicating a payment instruction to a financial institution of the originator, wherein the payment instruction includes the system routing number beneficiarys payment identification code, the originators financial institution receiving the payment instruction from the originator, wherein if the received PIC matches the originators financial institution internal list of PICs, the originators financial institution performs an on us transaction, and transmitting a payment instruction to an existing payment system in a case where the received PIC does not match originators financial institution internal list of PICs. The method also includes the existing payment system validating the received PIC, wherein if the PIC is invalid, the payment instruction is returned to the originators financial institution, converting the PIC and system routing number to a receiving payment instruction in a case where the PIC is a valid PIC, wherein the receiving payment instruction includes the beneficiarys financial institutions routing number and the beneficiarys account number. The existing payment system transmits the receiving payment instruction to a financial institution of the beneficiary, that financial institution credits the beneficiarys account if no problem exists, and otherwise returns a receiving payment instruction to the existing payment system. Upon receipt of the returned receiving payment instruction, the existing payment system translates the receiving payment instruction into the payment instruction prior to transmitting the payment instruction back to originators financial institution.


A method, system, apparatus, and computer program for conducting a real-time payment transaction. The method includes receiving a request for payment from a creditor financial institution (FI), and forwarding it to a debtor (FI). A payment transaction message is received from the debtor financial institution, specifying an amount of payment requested in the request, and is forwarded to the creditor FI such that the amount of payment is credited to an account in real-time. The debtor FI can request a return of the payment, in which case the creditor FI can comply therewith or refuse the return the payment. Also, an unsettled financial position of the debtor FI can be settled where that position does not exceed a combination of a pre-funded balance in a settlement account and a net debit cap value, and multiple settlements can be performed depending on a relationship between the position and combination.


A system and corresponding method are provided. The system includes a plurality of first entities (such as banks), each first entity communicatively connected to at least one distributed traffic agent (DTA), a second entity (such as a central facility) communicatively connected to a DTA, and a communication network communicatively connecting the DTAs. A payload containing a data file (such as electronic check presentment data, electronic payment data, or any other data type) is communicated from one first entity to another through their respective DTAs via the communication network. In addition, a transmittal containing control information corresponding to the payload is communicated from the one first entity to the second entity through their respective DTAs via the communication network.


Patent
The Clearing | Date: 2014-10-14

A method for effecting electronic payment, safeguarding banking and account information, while utilizing existing payment systems. The method comprises generating a system routing number and a payment identification code (PIC) relating to the beneficiarys account information, distributing payment identification codes to the existing payment system and financial institutions owning the account related to the payment identification codes, and the originator receiving a system routing number and the beneficiarys PIC number. The method also includes the originator communicating a payment instruction to a financial institution of the originator, wherein the payment instruction includes the system routing number beneficiarys payment identification code, the originators financial institution receiving the payment instruction from the originator, wherein if the received PIC matches the originators financial institution internal list of PICs, the originators financial institution performs an on us transaction, and transmitting a payment instruction to an existing payment system in a case where the received PIC does not match originators financial institution internal list of PICs. The method also includes the existing payment system validating the received PIC, wherein if the PIC is invalid, the payment instruction is returned to the originators financial institution, converting the PIC and system routing number to a receiving payment instruction in a case where the PIC is a valid PIC, wherein the receiving payment instruction includes the beneficiarys financial institutions routing number and the beneficiarys account number. The existing payment system transmits the receiving payment instruction to a financial institution of the beneficiary, that financial institution credits the beneficiarys account if no problem exists, and otherwise returns a receiving payment instruction to the existing payment system. Upon receipt of the returned receiving payment instruction, the existing payment system translates the receiving payment instruction into the payment instruction prior to transmitting the payment instruction back to originators financial institution.

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