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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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