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Clearing House Interbank Payment Systems (CHIPS)

nounverified· unreviewed·updated Aug 30, 2026

GlossaryL1 — what DictionaryL2 — how used ThesaurusL3 — relations Universaleverything

A "real time," multilateral, final payments system for large dollar value, business-to-business payment transactions between domestic or foreign institutions that have offices located in the United States. CHIPS is run by CHIP Co. LLC, a subsidiary of The Clearing House Payments Company, LLC.

Framework senses

2 senses across 2 frameworks

Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →

§1: A "real time," multilateral, final payments system for large dollar value, business-to-business payment transactions between domestic or foreign institutions that have offices located in the United States. CHIPS is run by CHIP Co. LLC, a subsidiary of The Clearing House Payments Company, LLC.

Legacy lexicon import1 senseview framework →

§1 · legacy_primary: A "real time," multilateral, final payments system for large dollar value, business-to-business payment transactions between domestic or foreign institutions that have offices located in the United States. CHIPS is run by CHIP Co. LLC, a subsidiary of The Clearing House Payments Company, LLC.
DR-088 backfill from the noun definition column