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2. Clearing House Interbank Payments System - Wikipedia

   en.wikipedia.org/wiki/Clearing_House_Interbank...

   CHIPS transfers are governed by Article 4A of Uniform Commercial Code. Unlike the Fedwire system which is part of a regulatory body, CHIPS is owned by the financial institutions that use it. For payments that are less time-sensitive in nature, banks typically prefer to use CHIPS instead of Fedwire, as CHIPS is less expensive (both by charges ...

3. Real-time gross settlement - Wikipedia

   en.wikipedia.org/wiki/Real-time_gross_settlement

   The first system that had the attributes of an RTGS system was the US Fedwire system which was launched in 1970. This was based on a previous method of transferring funds electronically between US federal reserve banks via telegraph. The United Kingdom and France both independently developed RTGS type systems in 1984.

4. SWIFT - Wikipedia

   en.wikipedia.org/wiki/SWIFT

   As of 2018, around half of all high-value cross-border payments worldwide used the Swift network, [3] and in 2015, Swift linked more than 11,000 financial institutions in over 200 countries and territories, who were exchanging an average of over 32 million messages per day (compared to an average of 2.4 million daily messages in 1995).

5. FedACH - Wikipedia

   en.wikipedia.org/wiki/FedACH

   In 2007, FedACH processed about 37 million transactions per day with an average aggregate value of about $58 billion. For comparison, Fedwire processed about 537,000 transactions valued at nearly $2.7 trillion per day in the same year. [1] Unlike Fedwire, which processes transactions in real-time, FedACH is a batch processing-based system. The ...

6. Wire transfer - Wikipedia

   en.wikipedia.org/wiki/Wire_transfer

   The sending bank transmits a message, via a secure system (such as SWIFT or Fedwire), to the receiving bank, requesting that it effect payment according to the instructions given. The message also includes settlement instructions. The actual transfer is not instantaneous: funds may take several hours or even days to move from the sender's ...

7. Fedwire - Wikipedia

   en.wikipedia.org/wiki/Fedwire

   Fedwire is designed to be highly resilient. The Fedwire system has grown since its inception, seeing growth in both number of transfers and total transaction dollar value of about 79% and 207% respectively between 1996 and 2016. In 2022, Fedwire processed roughly 196 million transfers with a total value of just over one quadrillion US dollars. [3]

8. Clearing House Automated Transfer System - Wikipedia

   en.wikipedia.org/wiki/Clearing_House_Automated...

   The Clearing House Automated Transfer System, or CHATS, is a real-time gross settlement (RTGS) system for the transfer of funds in Hong Kong.It is operated by Hong Kong Interbank Clearing Limited (HKICL), a limited-liability private company jointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks.

9. Swifties - Wikipedia

   en.wikipedia.org/wiki/Swifties

   Swift has also written songs in honor of her fans, such as "Long Live" (2010) [38] or "Ronan" (2012); the latter is a charity record about a fan's four-year-old son who died of neuroblastoma. [32] In 2023, she invited 2,200 fans to the world premiere of her concert film, Taylor Swift: The Eras Tour , free of cost. [ 39 ]