19 January 2018
visit www.ebaday.com

Dovetail Systems reports bank implementation of Chips payment clearing

15 December 2004  |  2529 views  |  0 Source: Dovetail Systems

Dovetail Systems, a leading and innovative provider of payment solutions to the wholesale banking industry, announced the successful production implementation of CHIPS (Clearing House Interbank Payment System) payment clearing at a major international bank.

This latest milestone of a multi-phase project augments the Dovetail Fed clearing system, which has been in production since April of this year, adding support for the newest CHIPS services including supplemental funding and provides CHIPS liquidity management and alternate routing from between CHIPS and the Fed.

With this successful go-live, all US dollar transactions clearing at the bank, estimated at over 85k payments on peak days, are processed through Dovetail's Envoy payment solution.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Dovetail

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.vasco.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
11309 views comments | 32 tweets | 38 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10359 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9964 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9426 views comments | 18 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8520 views comments | 8 tweets | 6 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job