1. US CHIPS User Guide
  2. US CHIPS
  3. Introduction

Introduction

The Clearing House Interbank Payments System (CHIPS) is the largest private-sector money transfer system in the United States, based on U.S. dollars. A privately operated and bank-owned system transfers and settles electronic payments in US dollars.

Highlights of CHIPS Payments Module:
  • Sanctions check by interfacing with an external Sanctions screening system
  • External Credit Approval Check
  • Accounting
  • CHIPS Message generation

Parent topic: US CHIPS