Corporate One FCU’s Keith Riddle appointed to The Clearing House’s RTP® Advisory Committee
COLUMBUS, OH (February 7, 2018) — Corporate One Federal Credit Union is pleased to announce the appointment of Keith Riddle, EVP, Enterprise Solutions Development, to The Clearing House’s (TCH) Real-Time Payments (RTP) Advisory Committee. The RTP Advisory Committee is formed from a diverse set of financial institution stakeholders to obtain input on the operation of TCH’s new real-time payments system, which was launched in November 2017 and is the first new core payments infrastructure in the U.S. in more than 40 years. The committee is comprised of senior executives from credit unions, community and mid-size banks, and trade associations.
“As a vested strategic partner within the credit union industry and as a payments expert, it is one of our strategic imperatives to participate in, help outline, and deliver world-class payments solutions here in the U.S.,” said Corporate One President/CEO Lee Butke. “We are honored that Keith was invited to join the RTP Advisory Committee and is able to offer leadership and advice on behalf of the credit union industry.”
The committee is charged with providing perspectives that will help RTP continue to be responsive to all financial institutions and drive adoption of RTP in an effort to achieve the goal of ubiquity by 2020. RTP meets the objectives of the Federal Reserve Faster Payments Task Force, and is open to all U.S depository institutions.
The RTP Advisory Committee will meet at least four times a year and has two primary responsibilities. The first is to provide input into the strategic execution of RTP. The second is to provide advice and support to TCH regarding RTP rules changes and RTP-related business initiatives, including new products and expansion of service to ensure that the system continues to provide value and meets the future needs of its users.
About Corporate One Federal Credit Union
Serving more than 700 credit unions nationwide, Corporate One Federal Credit Union is one of the nation’s largest and most trusted corporate credit unions, creating opportunities for credit unions through our premier investment, funding, and payment solutions to America’s credit unions for nearly 75 years. Corporate One is at the forefront of helping credit unions realize the benefits of immediate payments, with comprehensive solutions available for the RTP® network and FedNow® Service. For more information, please visit our website and our FedNow Service Provide Showcase Profile.
About The Clearing House
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 with 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. Its affiliate, The Clearing House Association L.L.C., is a nonpartisan organization that engages in research, analysis, advocacy and litigation focused on financial regulation that supports a safe, sound and competitive banking system.
