Dive Brief:
- The average daily payment value processed last year by The Clearing House’s CHIPS network rose 9%, year-over-year, to $2.014 trillion, the bank-owned company said in a press release on Tuesday.
- In addition, the network’s daily processing volume grew 12% in 2025 from a year prior, The Clearing House said in the press release.
- The results for the year underscored “the network’s expanding role in supporting large-value domestic and cross-border U.S. dollar payments,” the release said.
Dive Insight:
The Clearing House touts the CHIPS network as a tool that assists financial institutions in managing their liquidity efficiently.
In its announcement, the organization said the network helps banks conserve capital and use it for investing, lending and other services without needing to set aside the funds for payment prefunding requirements.
“The CHIPS network provides participating banks the ability to adapt their intraday posture to real-world conditions while still achieving best-in-class liquidity savings,” Michael Knorr, senior vice president of CHIPS product management at The Clearing House, said in the release. “For banks and their clients, this allows for more flexibility to redeploy capital and have consistent access funding.”
Along with its CHIPS network, The Clearing House, which is owned by some of the biggest banks in the world, has also seen growth in its real-time payments arm.
The RTP network processed a record 2.05 million payments on Feb. 13, marking the first time its daily processing volume exceeded two million, The Clearing House said in a February press release. The volume growth was driven in large part by digital wallet transfers, earned wage access payouts, account-to-account transfers and gig economy disbursements, the release said.
