The managing boards of PayCo and the Association have responsibility for the oversight of their respective businesses and financial performance and for the establishment of their agendas.

CHIPS’ ability to perform real-time bilateral and multi-lateral off-setting means that very large payments can be released earlier in the day, and that participants realize greater liquidity efficiency savings than those possible in pure RTGS systems.

Electronic Payments Network (EPN) is an automated clearing house (ACH), i.e. a computerized, batch-processing funds-transfer system that processes domestic consumer and commercial financial transactions among depository institutions.

Rather than sending each payment separately, ACH transactions are accumulated and sorted by destination for transmission during a predetermined time period.

Six years after RTP's introduction in 2017, the Federal Reserve began offering the competing FedNow service.

SVPCO is The Clearing House's line of business that operates CHECCS, which is a computerized settlement system.

[citation needed] The New York Clearing House Association was organized at the Bank Officers meeting on October 4, 1853.