CHIPS Payment System Gained 9% in Average Daily Value in 2025

The Clearing House’s high-value payment system, the CHIPS network, played a growing role in supporting large-value domestic and cross-border U.S. dollar payments in 2025.

The CHIPS network recorded year-over-year gains of 9% in average daily value, which reached $2.014 trillion, and 12% in average daily volume, The Clearing House said in a Tuesday (April 7) press release emailed to PYMNTS.

The network delivered daily average economic savings of $15.4 million, up from $14.3 million in 2024, and annualized savings of $5.5 billion, according to the release.

It did so by continuously matching and offsetting payments so that participants could recycle liquidity earlier and more effectively, the release said.

For banks, these savings represent capital that they can use for lending, investment and client activity, rather than having it trapped in payment prefunding requirements, per the release.

“The CHIPS network provides participating banks the ability to adapt their intraday liquidity posture to real-world conditions while still achieving best-in-class liquidity and economic savings,” Michael Knorr, senior vice president, 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 to funding.”

The speedier payment cycle times enabled by the CHIPS network mean that banks (and by extension their clients) get money in hand more quickly to be deployed into lending and other activities and that better information is available on the status of the payments, Knorr told PYMNTS in an interview posted in February 2025.

“Banks are interested beyond the liquidity savings mechanism and will consider participating in CHIPS so that they can route transactions by Fedwire or CHIPS and can dynamically switch between them to make sure they have a more resilient payment infrastructure in place,” Knorr added.

The Clearing House said in December 2025 that all three of its payment networks, including CHIPS, EPN and RTP, have seen strong growth.

“Setting new milestones for value and volume across real time, ACH and wire payments validates the investments we’ve made to support efficiency, resiliency and innovation across the U.S. payments ecosystem,” Pat Antonacci, chief product officer at The Clearing House, said in a Dec. 4 press release.