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The Clearing House Interbank Payments System (CHIPS) is a bank owned automated funds-transfer system for domestic and international high value payment transactions in U.S. dollars. It is a real-time final settlement payment system that continuously matches, off-sets and settles payments among international and domestic banks.
v. t. e. A clearing house is a financial institution formed to facilitate the exchange (i.e., clearance) of payments, securities, or derivatives transactions. The clearing house stands between two clearing firms (also known as member firms or participants). Its purpose is to reduce the risk of a member firm failing to honor its trade settlement ...
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Distributed Checksum Clearinghouse (also referred to as DCC) is a method of spam email detection. The basic logic in DCC is that most spam mails are sent to many recipients. The same message body appearing many times is therefore bulk email. DCC identifies bulk email by calculating a fuzzy checksum on it and sending that to a DCC server.
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