Yesterday, it was reported that CHAPS, or the Clearing House Automated Payment System, the system that enables real-time gross settlement payments in the United Kingdom, had gone offline, impacting ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The CHAPS Market Forecasts 2017 predicts that following a period of ...

As highlighted in our recent Engage article on the PSR’s proposals on compliance and monitoring requirements for the APP reimbursement requirement for FPS, the PSR is consulting on a specific ...

This article is brought to you by our exclusive subscriber partnership with our sister title USA Today, and has been written by our American colleagues. It does not necessarily reflect the view of The ...

Having two real time systems in the UK – CHAPS and Faster Payments - is a bonus. The task is to see how they can work together against the growing demand for instant payments regardless of amount and ...

The Bank of England has published a consultation on adopting ISO 20022, the global messaging standard for payments which was first introduced in 2004 by the International Organization of Securities ...

Executives from two Fintech companies believe this week’s system outages could hurt SMEs the most and highlight the need for additional resiliency in an increasingly connected world. The past seven ...

The rise of digital payments, new non-bank competition, fraud challenges, a need for improved resilience and the changed regulatory environment are spurring two major updates to the U.K.'s faster ...

ClearBank, the enabler of real-time clearing and embedded banking, has announced a collaboration with PhotonPay, an ...

LONDON, Aug 14 (Reuters) - The Bank of England on Monday said all CHAPS payments were settling normally after an earlier technical issue, and that it did not anticipate any outstanding payments when ...