Payment System

Our patented balanced release algorithm for multi-lateral netting continually offsets and processes payments throughout the business day. Payments are matched, netted and cleared usually in a matter of seconds. Over 85% of payments are cleared before 12 pm.

The system is a combination of prefunding and bilateral or multi-lateral netting. By banks prefunding their accounts, a payment is final as soon as it is released by the system.

Consider this: CHIPS only requires $3.5 billion in prefunding each day, while clearing $2 trillion each day. With each dollar turning over 500 times in the system, the liquidity efficiency is unmatched in the industry.

Key benefits include:

• Most efficient use of liquidity in the business
• No overdraft fees
• Eliminates settlement risk