Domestic high-value payments keep a printed rail. On the Fedwire Funds Service, 2025 transfers originated were 217,296,700, up 3.5 percent. The value of transfers originated was 1,148,267,267 million dollars, up 1.3 percent. The average value per transfer was 5.28 million dollars. Average daily volume was 869,187 transfers and average daily value was 4,593,069 million dollars. A China trade stop does not close this rail.
frbservices.org
Domestic batch payments also keep a printed rail. ACH Network payment volume rose nearly 4.9 percent from 2024 to 35.2 billion payments in 2025, an average of 141 million daily transactions. The value of those payments reached 93 trillion dollars, a 7.9 percent increase compared with 2024. December 2025 was the highest monthly volume, at 3.22 billion payments. Fourth-quarter volume was 9.1 billion payments valued at 24.4 trillion dollars.
nacha.org
The card network is a U.S. home market with a small disclosed China footprint. Net revenue earned in the U.S. was approximately 39 percent of total net revenue in fiscal 2025. No individual country, other than the U.S., generated 10 percent or more of total net revenue in these years. U.S. net revenue was 15,633 million dollars and total net revenue was 40,000 million dollars. International net revenue was 24,367 million dollars. The fetched 10-K contains no Taiwan string.
sec.gov
The named bank China book is lending and claims, not the deposit system. At 31 December 2025 JPMorgan Chase's Mainland China total exposure was 13.2 billion dollars, of which lending was 6.6 billion dollars, deposits with banks were 2.7 billion dollars, and trading and investing was 3.9 billion dollars. The 2024 total was 13.4 billion dollars. The top 20 country table reflects 87 percent of firmwide non-U.S. exposure. Taiwan is not in that top 20.
jpmorganchase.com
The system banking-claims line that names both China and Taiwan is Treasury International Capital, in millions of dollars. At end-December 2025, total claims on Mainland China were 19,253 million dollars and total claims on Taiwan were 14,155 million dollars. The Grand Total was 5,442,446 million dollars. Calculated from those two cells, Mainland China was 0.35 percent of the Grand Total. Calculated the same way, Taiwan was 0.26 percent.
ticdata.treasury.gov
The short cyber analog is days of a Fedwire send outage, not a year-over-year peak. Relative to non-users, users sent 16.4 percent fewer payments on average across the days of the event, and the value of payments sent by users dropped 26.5 percent. On the first day, users sent 36 percent fewer payments, which resulted in a 50.7 percent drop in the value of payments. That value drop would have been nearly 61 percent had the Federal Reserve not extended the trading day. The paper does not print the number of days.
federalreserve.gov
The insured bank system that keeps operating is large. Second quarter 2026 net income at 4,238 FDIC-insured institutions was 90.1 billion dollars, up 9.7 billion dollars, and quarterly net income was up 12.0 percent from the prior quarter. The industry reported NIM of 3.32 percent. Domestic deposits increased 142.7 billion dollars, or 0.8 percent. Total assets in the asset-size table were 26,462.2 billion dollars and total deposits were 20,722.3 billion dollars.
fdic.gov
China trade stopping removes the cross-border credit that is actually printed. JPMorgan Chase Mainland China lending was 6.6 billion dollars inside a 13.2 billion dollar country total at 31 December 2025. Treasury total claims on Mainland China were 19,253 million dollars at end-December 2025. Neither page is a system-wide trade-finance product stock, and that product stock was not found.
jpmorganchase.comticdata.treasury.gov
Domestic card and ACH payments continue on the printed rails. Visa U.S. net revenue was approximately 39 percent of the total. ACH value posted a 7.9 percent increase to 93 trillion dollars. In China, UnionPay remains the predominant processor of domestic payment card transactions. Visa filed a Bank Card Clearing Institution application with the People's Bank of China in May 2020, and the timing remains uncertain. Dual-branded restrictions have decreased Visa's payments volume and impacted the net revenue it generates in China. No China dollar of net revenue is printed.
sec.govnacha.org
The week-1 payments break is a technology service provider in front of Fedwire, on the FEDS record. The number of bank users was greater than 50. Not all users were banks. Some were credit unions. The provider took systems offline. Users lost the usual Fedwire send path. Backups existed but were slow. Users sent 36 percent fewer payments on the first day and 16.4 percent fewer payments on average across the days of the event.
federalreserve.gov
Innocent-bystander banks are the second round inside that same paper. Receiver banks got fewer incoming payments. Smaller banks borrowed from the discount window. Larger banks borrowed in federal funds. Banks with reserves drew them down. The paper says that prevented a third-round liquidity spiral. No dollar of discount-window borrowing is printed.
federalreserve.gov
Taiwan on this industry is a bank country-exposure book, not a customer line and not a card-revenue line. Bank of America's Table 35, dollars in millions, puts Taiwan funded loans and loan equivalents at 3,233 and net country exposure at 4,334 at 30 September 2026. Those top 20 countries accounted for 91 percent of total non-U.S. exposure. The unfunded-commitments cell on the Taiwan row is an em dash, not a printed number. This is that bank's book, not the industry trade-finance stock. Treasury total claims on Taiwan were 14,155 million dollars at end-December 2025, against a Grand Total of 5,442,446 million dollars. Calculated from those two cells, Taiwan was 0.26 percent. Those Treasury cells are system total claims, not trade finance. Visa's fiscal 2025 10-K contains no Taiwan string. Taiwan is not in JPMorgan Chase's top 20 non-U.S. country exposures. A foundry share is not used. No fetched page ties chips to payment terminals.
investor.bankofamerica.comticdata.treasury.govsec.govjpmorganchase.com