The Clearing House’s Interbank Payments System, or CHIPS network, for wire transfers, set a new record for daily payment volume in 2024, clearing and settling 1,083,550 payments totaling $2.63 ...

The best-known example of a privately created and well-functioning interbank payments system is the Suffolk Banking System. Operating in New England between 1825 and 1858, it was the first regionwide ...

An interbank ... Clearing Network (Zengin-Net) said it is still possible to transfer money using alternative means, but the process “may take longer than usual.” The “Zengin System ...