What is “CHiPs”?
CHIPS is an acronym for the Clearing House Interbank Payment System operated by the New York Clearing House Association. It is an automated communications network and settlement clearing facility that processes, for the most part, international funds transfers among members although it does handle some domestic transfers as well.
“CHiPs” is an acronym for California Highway Patrol. It is also the name of a popular television program which ran on NBC from 1977 to 1983. “CHiPs” starred Erik Estrada and Larry Wilcox (and later Tom Reilly) as CHP officers “Ponch” and “Jon” (and “Bobby”). Each week, these officers were shown riding their motorcycles through southern California as they kept the Los Angeles streets and freeways safe for citizens like you and me.
