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Clearing House Interbank Payments System |
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Clearing House Interbank Payments System (CHIPS) An international wire transfer system for high-value payments operated by a group of major banks. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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It manages and operates the Clearing House Interbank Payments System (CHIPS), the National Check Exchange, and the SVPCo businesses: the Electronic Payments Network (EPN) and Electronic Clearing Services (ECS). The Clearing House Interbank Payments System (CHIPS), which substitutes electronic transmissions for paper checks in international dollar payments, transfers over $1 trillion in payments daily. Recently, The New York Clearing House Association (NYCH), which operates the Clearing House Interbank Payments System (CHIPS), the largest private sector payment system, developed new rules to reduce settlement risk in its $1. |
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Clearing House Interbank Payments System
