CHIPS is the largest private-sector U.S.-dollar funds-transfer system in the world. In 2012, CHIPS cleared and settled an average of $1.5 trillion in cross-border and domestic payments daily. CHIPS operates on a global business day and utilizes a sophisticated liquidity savings mechanism to provide fast, final payments while maximizing liquidity efficiency for participating banks. CHIPS sets the industry standard for resiliency, reliability, and innovation in funds transfers. Leading banks worldwide, as well as their correspondents and customers, find CHIPS a trusted partner in the U.S.-dollar clearing and settlement services.
CHIPS is operated by The Clearing House, which also provides ACH and check image exchange services for banks of all sizes.
Find out what makes CHIPS unique for financial institutions and corporations.