Clearing House: CHIPS Network Successfully Migrates to ISO 20022 Message Format
April 11, 2024
April 11, 2024
NEW YORK, April 11 -- The Clearing House issued the following news release:
The CHIPS network, the largest private-sector high-value clearing and settlement system in the world, which is operated by The Clearing House, successfully migrated to the ISO 20022 message format on the April 8 banking day. The adoption of the ISO 20022 message format by the CHIPS network enhances the efficiency of payments processing; allows participants and end-user customers to glean value from enriched . . .
The CHIPS network, the largest private-sector high-value clearing and settlement system in the world, which is operated by The Clearing House, successfully migrated to the ISO 20022 message format on the April 8 banking day. The adoption of the ISO 20022 message format by the CHIPS network enhances the efficiency of payments processing; allows participants and end-user customers to glean value from enriched . . .