2026 Summer Internship - Product Management

About The Clearing House: The Clearing House (TCH) is a banking association and payments company that is owned by the largest commercial banks in the United States. TCH owns and operates the core payments system infrastructure in the US and is currently working to modernize that infrastructure by expanding adoption of its newest product, a new, ubiquitous, real-time payment system. TCH is the only private-sector ACH and wire operator in the US, clearing and settling nearly $2 trillion in US dollar payments each day, representing half of all commercial ACH and wire volume. TCH has provided critical services to the banking industry since 1853, and today, our core products facilitate services including Direct Deposit of payroll, bill payments, and check image exchange.

About TCH Product Development and Management: The TCH Product Development and Management organization is responsible for day-to-day product management including business planning, functional product strategy, product economics and client and market analysis as well as technical product management and product commercialization.

About TCH Product Summer Internship Program: TCH Product Summer Internship Program is a 10-week experience for rising college juniors and seniors interested in the field of Product Development and Management. Interns will be in New York City. Over the course of the 10-week program, interns will have the opportunity to support one or more of the payments products functions:

• Real Time Payments (RTP) - Launched by TCH in 2017, RTP is the first new U.S. payments network in more than 40 years and offers 24/7 instant clearing and settlement of payments between checking accounts of network banks. RTP currently reaches more than two-thirds of U.S. checking accounts, serving more than 800+ banks and credit unions.
• Core Products - In addition to real-time payments, TCH offers products for ACH electronic payments (EPN), high-value wire payments (CHIPS) and check image clearing (SVPCO).
  • ACH provides safe, efficient and cost-effective processing of electronic transactions in a batch environment. The Clearing House’s ACH operations service is called EPN, which handles essentially half the U.S. commercial ACH volume.
  • The CHIPS® network is the largest private sector USD clearing and settlement system in the world, clearing and settling $1.8 trillion in domestic and international payments each business day.
  • The Clearing House Image Exchange Network (SVPCO) is an industry utility that allows financial institutions of all sizes to exchange check images in the most efficient and cost-effective way.
• Product Commercialization - Empowers internal and external stakeholders with the right resources to drive volume and broad scale adoption across The Clearing House. Functions include go-to-market activities, product marketing, sales enablement, “Voice of the Customer” programs and market feedback.

While working within our Product Office, each intern is assigned a hands-on project, which culminates in a presentation to Product organization senior leadership. Opportunities for the 2026 Summer Internship Program will have a focus on, but are not limited to, the following capabilities:

• Assist with monitoring, reporting and analysis
• Assist in the follow up on incidents and client support issues
• Assist in compiling reporting and conducting competitive industry analysis
• Perform other ad hoc projects as assigned
• Participate in and contribute towards business development and product positioning
• Participate in the development and execution of product marketing plans
• Participation in various product related meetings

Skills, Experience, and Qualifications Required:

• Currently enrolled, rising junior or senior, pursuing a bachelor’s degree in finance, treasury services, business, product management, business administration, mathematics, economics, or a related area
• Strong technical and PC skills (MS Office applications)
• Strong analytical skills and attention to detail
• Ability to work both independently and in a collaborative environment
• Demonstrated effective communication skills – both written and verbal
• Attention to detail and ability to analyze, synthesize, organize, and communicate information

Functional Skills:

• Data analytics and modeling
• Presentation creation/delivery
• Project management

Physical demands and work environment: Work is generally sedentary in nature. The working environment is generally favorable. Lighting and temperature are adequate, and there are no hazardous or unpleasant conditions caused by noise, dust, etc. Work is generally performed within an office environment, with standard office equipment available.

Employees in this position will report to the office 3 days per week. Onsite work requirements may change at any time.

New York Salary Announcement: The anticipated hourly wage rate for this position is $20.00 - $25.00. Hourly wages will be determined by the role, experience, skill set and location