What I am about to show you has probably gone unnoticed by most in the community. This is one massive partnership, and wait to see the list of banks that are connected. This partnership between Ripple, D+H Corporation and Global PAYplus started all the way back in 2015 and is about to come to life.
D+H was a global payment and lending technology provider serving nearly 8,000 financial institutions, specialty lenders, community banks, credit unions, governments and corporations, including Canada’s largest banks.
D+H joined forces with Ripple back in October of 2015 to deliver innovative payment capabilities by integrating Global PAYplus.
A year later in February of 2016 D+H announced that it has successfully integrated blockchain distributed ledger technology into its global payment service offerings. The blockchain solution was developed as an extension of D+H’s PAYplus solution.
Okay, so what does this all mean? Lets fast forward another year. It is now December 5th, 2017 and we have D+H with Global PAYPlus blockchain fully integrated. Evolve Capital puts out a Weekly News Update (source below P42) and PNC a known Ripple partner announces that they are live on RTP, the clearing houses new US real-time payments system which uses Finastra’s payment services hub, Fusion Payments. Fusion Payments is the former Global PAYplus! Do you see where we are going? Keep reading along. PNC already uses Fusion Payments (formerly Global PAYplus) for wire payment processing and has expanded its service to include real-time payments to meet market demand for faster payment solutions. Integrating RTP enables the bank to provide its clients with the speed, certainty and irrevocability of real-time payments, which are now available in the United States.
Now here comes the good stuff. Do a quick Google search on The Clearing House Payments Company.
Let’s review the member banks of the clearing house payments company:
Do any of these banks look like announced Ripple partners? Santander (YES) Bank of America (YES) Bank of New York Mellon (YES) and the list goes on and on! SO why does all of this matter – because the clearing house is set up to offer real-time payments by 2020 but there go live date is set for Q2 2019.SWIFT will be offering real-time payments offered by the clearing house. Do you see what’s going on here? The world will be powered by Ripple.