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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.
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. ECommerce-Guide ECommerce-Guide is the source for e-commerce news, trends, product reviews, and how-tos for businesses running online or e-commerce sites and selling and marketing products and services.	Related Categories Electronic Commerce Related Terms Credit Card Interchange electronic commerce Electronic Funds Transfer electronic shopping cart merchant account Merchant Service Provider payment gateway