Payments: Year in Review, Part 2 (Finix)

Finix’s review of payments in 2019, part two.

Why it was kept

Kyle’s notes compare the payment rails — ACH, RTP and push-to-card. [STALE] The original post now 404s (checked 2026-09-28); an archived copy is at https://web.archive.org/web/20210507181635/https://www.finixpayments.com/blog/2019-payments-year-in-review-part-2/.

As Kyle captured it

• Read Payments: Year in Review Part 2 by Finix - #Payments FinTech
  • ACH vs. RTP vs. P2C - payments
    • The National Automated Clearing House Association (NACHA) manages the development, administration, and governance of the Automated Clearing House (ACH) Network, which is the backbone of electronic payments in the US. While NACHA administers the network, the actual processing of transactions is handled by the Federal Reserve and The Clearing House.
    • The Clearing House is a banking association and payments company that is owned by a consortium of the largest commercial banks in the US. Fun fact: The Clearing House’s Real-Time Payments Network (RTP) is powered by technology from Vocalink, which was acquired by Mastercard in 2016.
    • Visa and Mastercard have been rolling out an alternative scheme to ACH and RTP for years. Known as Push-to-Card (P2C) generally and Visa Direct and Mastercard Send specifically, the (near) real-time payments ride atop existing debit card rails.