The Clearing House is a banking association and payments company founded in 1853 that operates core payments infrastructure for the U.S. financial system. As the only private-sector ACH and wire operator in the country, it processes nearly $2 trillion in U.S. dollar payments daily - roughly half of all commercial ACH and wire volume. The organization's systems handle a broad range of payment types, including direct deposit, bill payments, and check image exchange.
Among its key platforms is CHIPS, the world's largest private-sector USD clearing and settlement network, which handles $2.2 trillion in domestic and international payments per day. The company also operates RTP, a real-time payments system launched in November 2017 - the first new core payments infrastructure in the U.S. in over 40 years - enabling instant payments around the clock with transactions up to $10 million.
Technical roles at The Clearing House span payment processing, clearing and settlement systems, and real-time payment infrastructure. The organization also conducts research and provides expertise to guide payments regulation and public policy, working closely with policymakers and the banking industry.
