Rewiring Wires: Modernizing CHIPS and Fedwire® for a New Era of Demand

Wire payments have long served as the backbone of high-value transactions, moving trillions of dollars daily between financial institutions (FIs) through systems such as Fedwire® and the Clearing House Interbank Payments System (CHIPS). These systems handle large, time-sensitive transfers that underpin corporate finance, capital markets and interbank activity. As commerce becomes faster, more global and […]