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 ...

The Bank of England said CHAPS transactions are settling normally after earlier warning that some home sales had been delayed after the service — one of the largest high-value payment systems in the ...

A recent Bank of England working paper explores how a policy adjustment in the UK’s instant payments network has triggered a noticeable migration away from the country’s main high-value settlement ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The Bank of England worked with Accenture on the move ahead of ...

The central bank outlined “next steps” to extend RTGS/CHAPS settlement hours and advance towards "near 24x7 settlement".

The Payment Systems Regulator (PSR) is proposing to direct banks and other payment firms participating in CHAPS to reimburse their customers who have been victims of authorised push payment (APP) ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. In June 2023, the PSR published its policy requiring payment ...

The Payment Systems Regulator (PSR) has published a policy statement and final Specific Direction to banks and other payment firms participating directly or indirectly in CHAPS (the UK’s high-value ...

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 ...