The Clearing House is a real time payments network owned by a consortium of some of the biggest banks; there is a debate going on as to whether or not the Fed should establish their own payments network; small banks feel The Clearing House is a monopoly by the big banks that doesn’t suit their needs; the $1.6bn asset Avidia Bank is the first small bank to join The Clearing House’s network as they look to offer commercial and fintech clients better payments options; Avidia plans to have a pilot towards the end of 2019 and be live in early 2020; The Clearing House says they have more small banks in their pipeline but they cannot release further details at this time. Source.