Huntington Bancshares has joined The Clearing House Interbank Payments System (CHIPS) to boost digital cross-border payment processing across its newly acquired Veritex and Cadence Bank units, totaling $9.3 billion in 2025 deals. The integration aims to reduce churn and support high-value corporate transfers beyond FedWire.
Huntington Bancshares joined The Clearing House Interbank Payments System (CHIPS), enabling high-value U.S. dollar clearing and settlement for bank-to-bank payments and offering an alternative to FedWire for faster transaction validation.
The $285 billion-asset bank absorbed two acquisitions in 2025 — Dallas-based Veritex for $1.9 billion and Houston-based Cadence Bank for $7.4 billion — expanding its footprint and increasing demand for robust payment infrastructure.
This integration aims to reduce customer churn from merger conversions by improving international and large corporate payment resilience, ensuring instant validation for transactions like property deals, investments and supply chain finance.
By connecting CHIPS with emerging on-chain payment rails and tokenized bank deposits, Huntington positions itself to support digital asset settlements and cater to corporate clients seeking programmable, instantaneous payments.
