NEW YORK — The Clearing House said its three major payment networks posted record results in November, signaling surging demand for faster, more efficient digital payments across the U.S. banking system.
The CHIPS, EPN and RTP networks — which together handle high-value wire transfers, ACH payments and real-time transactions — each set new performance milestones last month, the company reported.
Pat Antonacci, chief product officer at The Clearing House, said the records reflect both the rapid expansion of digital payment activity and growing industry reliance on modern electronic rails.
“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,” Antonacci said in a statement “We’re proud to provide the critical infrastructure that enables banks and their customers to move money safely and seamlessly every day.”
CHIPS Logs All-Time Highs in Wire Volume and Value
According to the Clearing House, the CHIPS network recorded its busiest day ever on Nov. 28, processing 1.21 million wire payments — a 12% jump over its previous record. The value of those payments reached $2.97 trillion, surpassing a single-day high that had stood since June 30, 2008, during the global financial crisis.
For the full month, the Clearing House reported CHIPS’ average daily volume rose to 693,000 payments, the highest on record. Year-to-date volume is up more than 10%, outpacing broader trends in wire activity and underscoring the impact of the network’s patented liquidity-savings algorithm, which reduces banks’ intraday funding needs, according to the organization.
RTP Network Surges Past $1.3 Trillion for 2025
The RTP network, the largest instant-payments system in the U.S., continued its rapid expansion and exceeded $1.3 trillion in total payments for 2025. That represents a 428% increase over 2024, when total annual volume reached $246 billion.
RTP now accounts for 98% of all bank-to-bank instant payments in the country, according to the Clearing House.
EPN Posts Record ACH Volume and Value
The EPN network, the nation’s private-sector ACH system that handles roughly 62% of all ACH payments, also reported historic results, the Clearing House said.
It added that on Nov. 26, EPN processed $362.9 billion in payments, setting a new single-day value record and surpassing the mark set just weeks earlier on Oct. 29. EPN handled $52.4 trillion in ACH transactions in 2024.
