D+H Accelerates the U.S. Move to Real-time Payments by Providing an Innovative Cloud Test Environment
NEW YORK, Jan. 10, 2017 /CNW/ - DH Corporation (TSX: DH) ("D+H"), a leading provider of technology solutions to financial institutions globally, today announced that it is offering banks a cloud-based testing environment to simulate connectivity to The Clearing House's Real-time Payments System. 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."
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 $1.5 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