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09/02/2018 3:38:00 Clearing House Interbank Payment Systems (CHIPS) Clearing House Interbank Payment Systems (CHIPS)
Clearing House Interbank Payment Systems (CHIPS)
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.
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