Chip’s liquidity algorithm saves $5.1 billion in 2024

In 2024, Clearinghouse Interbank Payment System (CHIP) has surpassed $5.1 billion in annual economic savings, with a patented liquidity saving algorithm, and an average of 1,430 a day, according to a release from TCH on February 17th. I reported 1,000 million dollars. By continuing to match and offset payments, allowing financial institutions to resolve payments of large value (…)