Clearing House Interbank Payments System
id:
clearing-house-interbank-payments-system-177-14984212
title:
Clearing House Interbank Payments System
text:
The Clearing House Interbank Payments System (CHIPS) is a United States private clearing house for large-value transactions. As of 2023, it settles approximately 500,000 payments totaling US$1.7 trillion per day. Together with the Federal Reserve Banks' Fedwire Funds Service, CHIPS forms the primary U.S. network for large-value domestic and international USD payments where it has a market share of around 96%. CHIPS transfers are governed by Article 4A of Uniform Commercial Code. Unlike the Fedwi
brand slug:
wiki
category slug:
encyclopedia
description:
US private clearing house
original url:
https://en.wikipedia.org/wiki/Clearing_House_Interbank_Payments_System
date created:
2005-11-17T17:21:03Z
date modified:
2024-09-04T12:38:17Z
main entity:
{"identifier":"Q5130870","url":"https://www.wikidata.org/entity/Q5130870"}
image:
fields total:
13
integrity:
15