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Clearing House Interbank Payments Company

Last modified: Friday, June 30, 2006

The Clearing House Interbank Payments Company, or CHIPS, is a bank-owned payments system for clearing large value payments. CHIPS is a real-time, final payments system for U.S. dollars and handles more than 95 percent of all dollar payments moving among countries around the world, including foreign trade payments and currency exchanges.

CHIPS, Clearing House Interbank Payments System
Over its 35 year history, CHIPS has developed and maintained a reputation of reliability, efficiency and innovation in the marketplace by processing over 95% of the USD cross-border payments.

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