Churn and Clearing House Automated Payment System: Difference between pages
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''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 == | == 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) | |||
* [[TARGET2]] | |||
* [[United Payments Interface]] (UPI) | |||
[[Category:Technical_skills]] | |||
[[Category:Treasury_operations]] | |||
[[Category:Cash_management]] | |||
[[Category:Technology]] | |||
Revision as of 20:34, 9 July 2022
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)
- TARGET2
- United Payments Interface (UPI)
