LONDON, July 18 (Reuters) - The Bank of England said on Thursday it had suffered a temporary outage to its CHAPS interbank payment system, which handles more than 360 billion pounds ($467 billion ...

The Bank of England has been affected by what has been described as a ‘global payment issue’ which has disrupted its CHAPS system, causing delays in high value and time sensitive payments. The ...

Summary: We welcome the PSR and Bank of England’s work on developing a mandatory reimbursement regime for Clearing House Automated Payment System (CHAPS) payments. We support the stated aim of ...

All’s well that ends well. The Bank of England’s payment system has been fixed, allowing Chaps payments to be resumed. The UK central bank’s so-called Real Time Gross Settle ...

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 ...

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 ...