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 ...

Chaps, which uses the real Time Gross Settlement (RTGS) system where each individual payment is settled in real-time across its settlement accounts at the BoE is now processing the backlog of ...

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 ...

UK's high value payment system Chaps goes down The Bank of England was forced to suspend the UK's real-time gross settlement system Chaps for several hours on Monday while it investigated an ...

'Global payments issue' hits transactions including house purchases, Bank of England says The Bank of England does not believe the glitch to be the work of cyber criminals and says it is working ...

Chaps processes about £350 billion a day, including banks paying one another large sums. It can also be used by individuals to make high-value payments up to millions of pounds, such as house ...

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 ...

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 ...