Founded in 1853, The Clearing House is a banking association and payments company owned by the largest commercial banks in the United States. It operates core payments infrastructure for the U.S. banking industry, processing nearly $2 trillion in payments per day and representing roughly half of all commercial ACH and wire volume.
The company runs two major payment systems. CHIPS is the largest private-sector USD clearing and settlement network in the world, handling $2.2 trillion in domestic and international payments daily. RTP is a real-time payment system that enables instant payments around the clock, supporting transactions up to $10 million.
Beyond operating payment infrastructure, The Clearing House engages with policymakers, conducts research, and provides expertise on payments regulation and public policy. The organisation is based in the United States and focuses exclusively on banking, payments, and financial services.
