By: Steve Webner Staff Writer for World Liberty TV

The TCH + BPI Annual Conference is the premier gathering focused on the changing regulatory landscape and the future of payments, brings together senior financial services executives, regulators, policymakers, and academics to address the challenges and opportunities for the industry through a thoughtful and fact-based discussion.

The Clearing House is a banking association and payments company that is owned by the largest commercial banks and dates back to 1853.

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 launching a new, ubiquitous, real-time payment system. The Payments Company is the only private-sector ACH and wire operator in the United States, clearing and settling nearly $2 trillion in U.S. dollar payments each day, representing half of all commercial ACH and wire volume.

It is focused on safety, security, reliability, and efficiency of bank-owned payment systems and has a long history of operational resilience, having maintained operations without interruption through every financial crisis and natural and man-made disaster since 1853.

The Clearing House provides a place to foster industry collaboration and development where industry coordination is necessary. Beginning with the first U.S. check exchanges, the company has brought together banks to collaborate on key issues, including needs for the next generation of payment systems. Most recently, The Clearing House launched RTP®, a real-time payment system for all U.S. banks.

Supporting services include those offered by The Clearing House Payments Authority, a payments association with more than 1,000 financial institution members and corporate subscribers and those offered by ECCHO, which include: check education, check advocacy, and the creation and maintenance of rules that govern private sector check image exchange for its members. In addition to its role as an operator, The Clearing House provides thought leadership to the banking industry. It engages with decision makers, conducts research and provides expertise to guide the evolution of public understanding, public policy and legislation and regulation of payments and the financial services industry.

The 2-day conference in New York City, included high leveled speakers like: Lael Brainard, Vice Chair of the Board of Governors of the Federal Reserve System, Michael Hsu As Acting Comptroller of the Currency, Kelly Coffey, Chief Executive Officer of City National Bank, Brian Moynihan, Chairman of the board, CEO Bank of America Corporation, Bruce Van Saun , Chairman and Chief Executive Officer of Citizens Financial Group, René Jones  Chairman and CEO of M&T Bank and many more renowned speakers.

The dinner program was headed by Paul Oyer, Professor, Author of An Economist goes to the game, and Ginny Hogan a standup comedian and author. Her newest humor collection, “I’m More Dateable than a Plate of Refried Beans” is out now.

There was high networking and very educational for all guests in attendance, people travelled from all over the USA, Canada to be in attendance at the iconic Pierre hotel.

The Clearing House: Since its founding in 1853, The Clearing House has delivered safe and reliable payments systems, facilitated bank-led payments innovation, and provided thought leadership on strategic payments issues.

Today, The Clearing House is the only private-sector ACH and wire operator in the United States, clearing and settling nearly $2 trillion in U.S. dollar payments each day, representing half of all commercial ACH and wire volume.  It continues to leverage its unique capabilities to support bank-led innovation, including launching RTP®, a real-time payment system that modernizes core payments capabilities for all U.S. financial institutions. As the country’s oldest banking trade association, The Clearing House also provides informed advocacy and thought leadership on critical payments-related issues facing financial institutions today.  The Clearing House is owned by 26 financial institutions and supports hundreds of banks and credit unions through its core systems and related services.

Bank Policy Institute: The Bank Policy Institute (BPI) is a nonpartisan research and advocacy group, representing the nation’s leading banks and their customers. Our members include universal banks, regional banks and the major foreign banks doing business in the United States. Collectively, they employ almost 2 million Americans, make 72% of all loans and nearly half of the nation’s small business loans and serve as an engine for financial innovation and economic growth.

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