each business day at 10:00 a.m. after about three million pieces of paper have been presented for payment. Computers have been performing the payment clearing that once required paper processing. The Clearing House Interbank Payments System (CHIPS) began operation in 1970. The New York Automated Clearing House (NYACH) followed in 1975 and became the Electronics Payment Network in 2000. The Clearing House Electronic Check Clearing System (CHECCS) was added in 1992. On July 1, 2004, The New York Clearing House Association announced a name change to The Clearing House Association L. L. C.. See also ACH Bankers' clearing house Clearing house Clearing House Interbank Payments System History of central banking in the United States Suffolk Bank References External links Official Site The Clearing House Association's amicus curiae briefs American Banker feature on The Clearing House. Laying of the corner stone and opening ceremonies of the new building of the New York Clearing House in Cedar Street. Publisher: J.J. Little & Co., Printers, New York 1896 - Internet Archive - online New York Clearing House Association records, 1853-2006 Columbia University Libraries Archival Collection Further reading Banking in the United States Lobbying organizations in the United States