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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.
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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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