Clearing House Automated Payment System: Difference between revisions
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* [[T2]] | * [[T2]] | ||
* [[United Payments Interface]] (UPI) | * [[United Payments Interface]] (UPI) | ||
* [[Uptime]] | |||
[[Category:Technical_skills]] | [[Category:Technical_skills]] | ||
[[Category: | [[Category:Financial_products_and_markets]] | ||
[[Category: | [[Category:The_business_context]] | ||
Revision as of 22:10, 22 July 2024
Funds transfer - infrastructure.
(CHAPS).
A UK-based payment system for high-value, sterling real time gross settlement of transactions (RTGS) operated by the Bank of England through a subsidiary. It also offered euro payments but this service was discontinued in 2008.
It uses the MIRS settlement system back-up system offered by SWIFT as its offshore, distributed processing back-up.
As a result of its migration to a new platform, it was for a while also called NewCHAPS.
See also
- BACS
- Clearing House Interbank Payment System
- CREST
- Faster Payments Service
- Fedwire
- Infrastructure
- Migration
- NewCHAPS
- Platform
- Real-time gross settlement system (RTGS)
- Payments and payment systems
- Society for Worldwide Interbank Financial Telecommunications (SWIFT)
- T2
- United Payments Interface (UPI)
- Uptime
