Fedwire

Fedwire is a Real Time Gross Settlement Funds Transfer system operated by the Federal Reserve Banks that enables financial institutions to electronically transfer funds between its more than 8,900 participants. In conjunction with the privately held Clearing House Interbank Payments System (CHIPS.) Fedwire is the primary United States network for large-value or time-critical domestic and international payments, and is designed to be highly resilient and redundant. The average daily value of transfers over the Fedwire Funds Service is approximately 2.3 trillion dollars and the daily average number of payments is about 532,000.
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A wire transfer system for high-value payments operated by the Federal Reserve System.

The primary U.S. domestic wire transfer service for wire transfer message traffic that initiates funds transfers. This system handles both the message initiating the transfer and the actual movement of funds. Fedwire is operated by the Federal Reserve System and connects Federal Reserve banks with thousands of domestic banks.