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  2. The Clearing House Payments Company - Wikipedia

    en.wikipedia.org/wiki/The_Clearing_House...

    The Clearing House Interbank Payments System (CHIPS) is a bank owned automated funds-transfer system for domestic and international high value payment transactions in U.S. dollars. It is a real-time final settlement payment system that continuously matches, off-sets and settles payments among international and domestic banks. [3]

  3. Payment system - Wikipedia

    en.wikipedia.org/wiki/Payment_system

    A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions , payment instruments such as payment cards , people, rules, procedures, standards, and technologies that make its exchange possible.

  4. Automated clearing house - Wikipedia

    en.wikipedia.org/wiki/Automated_Clearing_House

    ACH payments contrast with real-time gross settlement (RTGS) payments which are processed immediately by the central RTGS system and not subject to any waiting period on a one-to-one basis. ACH systems are typically used for low-value, non-urgent transactions while RTGS systems are typically used for high-value, urgent transactions. [6]

  5. Clearing House Interbank Payments System - Wikipedia

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

    The Clearing House Interbank Payments System (CHIPS) is a United States private clearing house for large-value wire transfer transactions. [ 1 ] As of late 2024, it settles approximately 500,000 payments totaling US$1.8 trillion per day. [ 2 ]

  6. 'X Money' payment system to launch in 2025: X CEO

    www.aol.com/x-money-payment-system-launch...

    Hours before ringing in the new year, the CEO of X, formerly Twitter, announced the platform will launch a payment system, X Money, in 2025. In an X post on Tuesday afternoon, CEO Linda Yaccarino ...

  7. Financial market infrastructure - Wikipedia

    en.wikipedia.org/wiki/Financial_market...

    Financial market infrastructure refers to systems and entities involved in clearing, settlement, and the recording of payments, securities, derivatives, and other financial transactions. [1] Depending on context, financial market infrastructure may refer to the category in general, or to individual companies or entities (thus also used in ...

  8. Systemically Important Payment System - Wikipedia

    en.wikipedia.org/wiki/Systemically_Important...

    A Systemically Important Payment System (SIPS) is a payment systems whose failure could potentially endanger the operation of the whole economy. In general, these are the major payment clearing systems or real-time gross settlement systems of individual countries, but in the case of Europe, there are certain pan-European payment systems.

  9. Net settlement - Wikipedia

    en.wikipedia.org/wiki/Net_settlement

    A net settlement is a payment system used for inter-bank transactions. [ dubious – discuss ] It is the process by which banks calculate the collective total of all transactions through designated times each day.