Tulsa, Okla., July 10, 2017 —Today, Global Holdings LLC announced it will join the RTP® Corporate Advisory Group. Formed by The Clearing House, this advisory group will provide corporate and payments industry feedback and guidance to The Clearing House in the ongoing development of its real-time payments (RTP) system.
Mike Riggin, Chief Risk & Compliance Officer of Global, will represent the company on the advisory group. He will join senior executives from a wide range of industries from across the country in their charge to provide unique perspectives that will help drive adoption of RTP by financial institutions and their corporate clients.
“The Clearing House’s RTP Corporate Advisory Group provides valuable, current feedback on how RTP is perceived and what The Clearing House and banks need to do to accelerate adoption,” said Riggin. “It also provides members with an opportunity to share experiences and use cases, helping them apply RTPs for the right use cases at the right time.”
RTP will become part of the core financial services industry infrastructure, similar to Wires and ACH. RTP is designed to support not only the transfer of funds but also the ability to both request payments and provide crucial information about a payment. RTP will support more seamless and efficient e-invoicing, bill pay, insurance claim payments, cash on delivery payments and more. RTP also increases transparency and provides immediate confirmation notices that payments have been processed.
About Global Holdings LLC
Global Holdings LLC was founded in 2003 by a team of payment-processing industry veterans and is now the leading payment processor for the consumer debt-relief market. Leveraging a robust technology platform and artificial intelligence, Global is setting the industry standard for today and tomorrow. For more information visit www.ghllc.com or follow us on LinkedIn.
About 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. The Clearing House continues to leverage its unique capabilities to support bank-led innovation, including launching the RTP® network, a real-time payment system that modernizes core payments capabilities for all federally insured U.S. depository institutions. The Clearing House supports hundreds of banks and credit unions through its core systems and related services. Learn more at www.theclearinghouse.org