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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 ...

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 ...

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 ...

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 has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Synch is building a money-transfer app, called Yippay, on ...

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 ...

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 ...

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