CHIPS (The Clearing House)
CHIPS is operated by The Clearing
House, which also provides ACH, paper
cheque exchange and cheque image
exchange for financial institutions of
all sizes.
Leading banks worldwide, their correspondents and customers rely on CHIPS for real-time payments that are accurate and final. Today, CHIPS is responsible for over 95% of USD cross-border and nearly half of all domestic wire transactions totaling $1.5 trillion daily.