New York — The CHIPS®, EPN®, and RTP® networks all posted record-breaking results in November, underscoring the advantages banks gain from utilizing the payment systems operated by The Clearing House – from CHIPS’ unmatched intraday liquidity savings, to instant settlement and 24/7 availability through the RTP network, to EPN’s capacity for high-volume, recurring payments. Together, these new records highlight the rapid growth of digital payments in the U.S. and the accelerating shift toward efficient, resilient, and modern electronic payment rails across the U.S. banking sector.

“The performance across the CHIPS, EPN, and RTP networks in November reflects the strong growth across all types of digital payments and the immense trust the financial industry places in The Clearing House’s payment systems,” said Pat Antonacci, Chief Product Officer at The Clearing House. “Setting new milestones for value and volume across real time, ACH and wire payments validates the investments we’ve made to support efficiency, resiliency, and innovation across the U.S. payments ecosystem. We’re proud to provide the critical infrastructure that enables banks and their customers to move money safely and seamlessly every day.”

CHIPS® Achieves All-Time Highs in Wire Volume and Value

On Friday, November 28, the CHIPS network set new single-day records for wire payments volume and value. The network, which is the largest private sector high-value clearing and settlement system in the world, processed 1.21 million payments, eclipsing the previous record by 12%. The record number of transactions represented $2.97 trillion in payment value, exceeding the prior high that stood for 17 years, which was set on June 30, 2008 during the global financial crisis.

In the month of November, the CHIPS network also set a new milestone for monthly activity, with daily average volume reaching 693 thousand payments, the highest for any month on record. Year-to-date volume growth for CHIPS has exceeded 10 percent, substantially above industry trends for wire activity, demonstrating the value of the CHIPS patented liquidity savings algorithm and its important role as the premier network facilitating domestic and cross-border USD payment activity.

RTP® Network Continues Strong Growth

The RTP network sustained its rapid growth trajectory throughout 2025, with major milestones reached in November. The RTP network surpassed $1.3 trillion in total payments for 2025, a 428% increase from 2024, when the network processed $246 billion during the full calendar year. The network, the largest instant payments system in the United States, accounts for 98% of all bank-to-bank instant payments. 

EPN® Posts Historic Monthly Volume and Value Levels

The EPN network, the private-sector ACH system in the U.S. that sends or receives approximately 62% of all ACH payments and processed $52.4 trillion in 2024, also delivered exceptional results in November. The network set a single-day value record on Wednesday, November 26 with $362.9 billion in payments, eclipsing the previous high set on October 29 of this year.

These figures demonstrate accelerating demand for real-time payments and the RTP network’s industry-leading role in enabling immediate, secure, and ubiquitous digital transactions.

About The Clearing House

The Clearing House operates U.S-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image, and real-time payments. It is the nation's most experienced payments company, with a long track record of providing secure and reliable systems, payments innovation, and strategic thought leadership to financial institutions. In 2017, The Clearing House revolutionized U.S. payments by introducing the RTP® network, which supports the immediate clearing and settlement of payments, along with the ability to exchange related payment information across the same secure channel. These RTP capabilities enable all financial institutions to offer safer, faster, and smarter digital transaction services for their corporate and retail customers. Learn more at www.theclearinghouse.org.

Media Contact:

Greg MacSweeney
The Clearing House
212-612-9282
Gregory.MacSweeney@theclearinghouse.org