Clearing House Automated Payment System

(CHAPS)

A UK-based payment system for high-value, same-day settlement of transactions.

As a result of its migration to a new platform, it is also called NewCHAPS.

See also

• Clearing House Interbank Payment System
• Faster Payments Service
• Fedwire
• NewCHAPS
• Real-time gross settlement system
• BACS