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 ...
LONDON, July 18 (Reuters) - The Bank of England said on Thursday it had suffered a temporary outage to its CHAPS interbank payment system, which handles more than 360 billion pounds ($467 billion) on ...
When a business sends a cross-border payment, two processes determine whether funds arrive: clearing and settlement. The ...
The Bank of England said on Thursday that issues affecting its CHAPS service had now been resolved. "We are pleased to confirm that the third party supplier has restored service following their ...
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