The Clearing House
James Colassano started their work experience in 1990 at JPMorgan, where they held various roles including Vice President in business development, partnership/alliance management, and contract negotiation activities. James also managed the e-channels business. In 2005, they joined HSBC, USA as the SVP and Head of U.S. Commercial Payment Products, responsible for overseeing the cash management suite. In 2012, they became the SVP, Global Head of Payment Products at HSBC, overseeing electronic and paper-based payment products for corporate clients. From 2016, they worked at The Clearing House as the SVP of Product Development and Strategy, focusing on the U.S. Real Time Payments program.
James Colassano completed their Bachelor of Science degree in Accounting and Operations Management at Baruch College. James subsequently pursued a Master of Business Administration degree with a focus in Banking and Finance at Pace University's Lubin School of Business.
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The Clearing House
The Clearing House is a banking association and payments company owned by the largest commercial banks, and dates back to 1853. The Clearing House Payments Company L.L.C. owns and operates core payments system infrastructure in the United States and is currently working to modernize that infrastructure by building a new, ubiquitous, real-time payment system. The Payments Company is the only private-sector ACH and wire operator in the United States, clearing and settling nearly $2 trillion in U.S. dollar payments each day, representing half of all commercial ACH and wire volume. Its affiliate, The Clearing House Association L.L.C., is a nonpartisan organization that engages in research, analysis, advocacy and litigation focused on financial regulation that supports a safe, sound and competitive banking system.