Clearing House Automated Payment System and Remote deposit capture: Difference between pages

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(CHAPS). A UK-based payment system for high-value, same-day settlement of transactions.  
A service that allows a company to deposit cheques by scanning them in their offices, and to create an image-based deposit that is then transmitted to the bank for posting.


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


== See also ==
== See also ==
* [[Clearing House Interbank Payment System]]
* [[Cheque imaging]]
* [[Faster Payments Service]]
* [[Fedwire]]
* [[NewCHAPS]]
 

Revision as of 11:30, 22 June 2016

A service that allows a company to deposit cheques by scanning them in their offices, and to create an image-based deposit that is then transmitted to the bank for posting.


See also