What Does The Clearing House Do?

Total employees650
HeadquartersNew York
Founded1853

The Clearing House (TCH) is a banking association and payments company owned by 24 of the largest commercial banks in the United States. It has a rich history dating back to 1853 and plays a pivotal role in the U.S. financial system by operating core payments infrastructure, including CHIPS (Clearing House Interbank Payments System) for high-value USD payments, the RTP® (Real-Time Payments) network, and EPN (Electronic Payments Network), its ACH (Automated Clearing House) system. TCH also advocates for the financial services industry on regulatory and legislative matters, provides research, and facilitates industry collaboration to enhance the safety, security, and efficiency of the payments system.

Where Is The Clearing House's Headquarters?

The Clearing House officeThe Clearing House officeThe Clearing House officeThe Clearing House office
*Images sourced via web search. Rights belong to original owners

HQ Function

The New York headquarters serves as the central hub for The Clearing House's executive leadership, strategic operations, technology oversight, legal and regulatory affairs, and member bank relations. It's where key decisions regarding the nation's payment systems are made.

Notable Features:

Located in a modern high-rise in Midtown Manhattan, the headquarters likely features state-of-the-art technology infrastructure, secure facilities for critical operations, and collaborative workspaces designed to foster innovation.

Work Culture:

The work culture at The Clearing House headquarters is professional, intellectually stimulating, and mission-driven, focusing on reliability, security, and innovation in financial technology. Employees often have deep expertise in payments, banking, and technology.

HQ Significance:

Its New York City location places The Clearing House at the epicenter of the U.S. financial industry, facilitating direct engagement with member banks, regulatory bodies like the Federal Reserve, and other key financial market utilities.

Values Reflected in HQ: The headquarters' design and operations reflect The Clearing House's core values of security, integrity, reliability, innovation, and collaboration, essential for managing systemically important financial infrastructure.

Location:

While The Clearing House primarily operates and manages U.S. domestic payment systems, its influence and the reach of its services are global. CHIPS is a principal U.S. dollar payment system, settling an average of over $1.8 trillion in international and domestic payments daily, connecting with banks worldwide. TCH engages with international bodies on payment standards and policy, and its innovations, like the RTP® network, influence real-time payment developments globally. Its member banks are largely global institutions, further extending its international connectivity.

Street Address:

1114 Avenue of the Americas, 18th Floor

City:

New York

State/Province:

NY

Country:

USA

Where Else Does The Clearing House Operate Around the World?

Winston-Salem, NC, USA

Address: 400 West Fourth Street, Winston-Salem, NC 27101

Strategically chosen for its operational resiliency, access to a skilled workforce, and cost-effective environment, supporting the continuous and reliable operation of national payment infrastructures.

Dallas, TX, USA

Address: 1919 McKinney Avenue, Suite 100, Dallas, TX 75201

Leverages Dallas's growing status as a financial and technology hub, providing access to talent and enhancing TCH's geographic diversity for operational and support functions.

Buying Intent Signals for The Clearing House

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading The Clearing House? Meet the Executive Team

As of April 2025, The Clearing House' leadership includes:

David Watson - President and Chief Executive Officer
Bob Pepitone - Chief Financial Officer
Heather Compart - Chief Legal Officer & General Counsel
Chris H Mager - Chief Risk Officer
Elena Whisler - Chief Client Officer
Margaret Weichert - Chief Product Officer
Lee Alexander - Chief Information Officer
Shelly Brown - Chief People Officer

Who's Investing in The Clearing House?

The Clearing House has been backed by several prominent investors over the years, including:

Bank of America
BNY Mellon
Capital One
Citibank
JPMorgan Chase
PNC Bank
Truist
U.S. Bank
Wells Fargo
(Owned by a consortium of 24 of the largest commercial banks in the U.S.)

What Leadership Changes Has The Clearing House Seen Recently?

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Exits0

The Clearing House has made strategic additions to its executive team over the past year, enhancing its product, technology, and human resources leadership. No major high-level executive departures have been publicly announced during this period.

New Appointments:

Margaret Weichert, Margaret Weichert was appointed as Chief Product Officer to lead product strategy and development across TCH's payment systems.
Shelly Brown, Shelly Brown joined The Clearing House as Chief People Officer, responsible for talent management, culture, and human resources strategy.

What Technology (Tech Stack) Is Used byThe Clearing House?

Discover the tools The Clearing House uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

The Clearing House Email Formats and Examples

The Clearing House commonly uses standard corporate email formats. The most probable formats are [first].[last]@theclearinghouse.org or [first_initial][last]@theclearinghouse.org.

[first].[last]@theclearinghouse.org

Format

jane.doe@theclearinghouse.org

Example

85%

Success rate

What's the Latest News About The Clearing House?

The Clearing House Press Releases • May 2, 2024

The Clearing House and the Federal Reserve Release Study on Benefits of Synthetic Data in Combating Check Fraud

The Clearing House and the Federal Reserve today released a new study that demonstrates the potential of synthetic data to help the financial services industry improve fraud detection models while protecting sensitive customer information....more

The Clearing House Press Releases • April 16, 2024

RTP® Network Volume Grew 10% in Q1 2024

The RTP network, the real-time payments system from The Clearing House, saw transaction volume grow 10% during the first quarter of 2024, as more financial institutions and their customers use instant payments....more

The Clearing House Press Releases • March 26, 2024

CHIPS Marks 10 Years as a Systemically Important Financial Market Utility

The Clearing House Interbank Payments System (CHIPS), the primary U.S. high-value payments system, marks its 10-year anniversary of being designated as a Systemically Important Financial Market Utility (SIFMU) by the Financial Stability Oversight Council (FSOC)....more

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