Real time payment system

Real time payment system

Michael A. Salinger, Sean Durkin
Financial Services
Antitrust & Competition

Michael Salinger and Sean Durkin worked with The Clearing House, an association of 24 of the largest U.S. banks, to make a presentation to the Antitrust Division about its new Real Time Payment System. The Antitrust Division subsequently issued a business letter indicating that it had no intention of challenging the system or the rules and payments underlying it as antitrust violations.