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Chips migrates to ISO 20022 message format

Finextra

The Clearing House's Chips private-sector high-value clearing and settlement system has migrated to the ISO 20022 messaging format.

ISO 20022 143
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Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

Offline settlements with a digital pound: Lessons from the BoE’s report 16 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? These are linked to the requirement for instant offline settlement, i.e. digital money leaves the payer device to go into the payee’s device. Why is it important?

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EU calls for feedback on proposed settlement with Apple over NFC chip access

NFCW

To establish a dispute settlement mechanism under which Apple’s decisions denying access to NFC input will be reviewed by independent experts. EU calls for feedback on proposed settlement with Apple over NFC chip access was written by Sarah Clark and published by NFCW. Feedback should be submitted by 18 February 2024.

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Chips celebrates Black Friday by smashing payments record

Finextra

The CHIPS network, the largest private-sector high-value clearing and settlement system in the world which is operated by The Clearing House, set a new record for transaction volume on Black Friday by clearing and settling 1,083,550 payments valued at $2.63 trillion.

CHIPS 59
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Credit Card Payment Integration: How to Integrate Payments into Your Website and Point of Sale

Stax

TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. For enhanced security, it uses EMV (Europay, Mastercard, and Visa) chip technology and contactless payments, like Apple Pay and Google Pay.

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MUFG and Crédit Agricole complete first Chips payment in ISO 20022 format

Finextra

one of the largest banks in Japan, and Crédit Agricole Corporate & Investment Bank, one of the leading investment banking groups in Europe, successfully completed the first payment in the ISO 20022 message format on The Clearing House’s CHIPS network, the largest private-sector high-value clearing and settlement system in the world.

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CHIPS® Network Successfully Migrates to ISO 20022 Message Format

Fintech Finance

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 CHIPS network settles an average of $1.8