The Bank of England is streamlining the U.K.’s payments messaging operations through the planned adoption of the ISO 20022 messaging standard, the bank announced Wednesday (June 6). In collaboration with the recently-established New Payments System Operator (NPSO) and the Payment System Regulator (PSR), the Bank of...
The U.K.’s Clearing House Automated Payments System (CHAPS) is forecasting growth over the next decade. In a report published Wednesday (Oct. 11), CHAPS said it is planning on payment volumes hitting 43.5 million transactions in 2026, fueled by the system’s efforts to develop more specialized...
July 18, 2024
The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. “We are pleased to confirm that the third-party supplier has restored service following their earlier issues, and CHAPS payments are settling as normal,” the Bank of England said in a Thursday press […]
