Dovetail, the provider of best-in-class payments and liquidity management solutions, today announces the readiness of its solutions for the Real-time Payment (RTP) system being developed by The Clearing House (TCH) and its active involvement in the initial launch.
When the RTP system is initially launched in the first half of 2017, Dovetail solutions will enable financial institutions to benefit from the full capabilities of the TCH system including the extended information flows provided uniquely by the TCH real-time payments opportunity.
Commenting on the announcement Steve Ledford, Senior Vice-President, Product and Strategy of The Clearing House, said, “I am delighted that Dovetail, one of the leading providers of industrial scale payment solutions globally, will be in the first wave of partners to validate their solution with The Clearing House. The Clearing House encourages the development and deployment of a range of options for banks to maximise the ease and pace of real-time payments adoption across the country”.
Martin Coen, CEO of Dovetail, commenting on the announcement said, “Dovetail has been working closely with The Clearing House from the outset – participating in the ISO Real-time Payments technical committees, and initial architectural discussions. We are delighted to see the progress with market participants, and look forward to industrial strength real-time payments in the US becoming a reality next year”.
Dovetail provides best-in-class payments and liquidity management solutions that enable banks to simplify their infrastructure and deliver effective digital transformation. All solutions, based on a single real-time architecture, are available on premise or in the cloud, scalable up and down, across functional and volume needs and offer unrivalled customer and segment personalization. The choice of solution provides flexibility for a bank in setting the pace of its modernization, addressing point needs or replacing multiple legacy systems.
Leveraging the continuing investment from Dovetail and its world-leading client base, banks can rapidly achieve a measurable return on investment, increase strategic agility and operational excellence, optimize total cost of ownership and ensure regulatory compliance.