Abstract: A clearinghouse system facilitates the transfer of value of various forms, including monetary transfers, between parties as well as the monitoring and control of such transfers. The clearinghouse system may include a global framework that defines the operation of regional implementations of the system such that they may interoperate with a global hub of the system. The regional implementations may communicate with value exchange environments and client devices to facilitate, monitor, or control value transfers. A pending payments system is provided as well to effectuate direct transfers of value, including currency, between a consumer and merchant.