Bank of England Warns of Delays in CHAPS Payment System, Urging Contingency Planning
UKBANIn a recent announcement, the Bank of England has issued a warning regarding delays in the CHAPS payment system. The Clearing House Automated Payment System (CHAPS) is a same-day sterling payment service that is crucial for facilitating large and time-sensitive transactions in the UK financial system. According to the Bank of England, CHAPS has been … Read more