Clearing House Interbank Payments Company

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.

Vangie Beal
Vangie Beal
Vangie Beal is a freelance business and technology writer covering Internet technologies and online business since the late '90s.

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