18 December 2014

Latest articles for Payments Council


Security worries could hamper take-up of Paym P2P m-payments

28 April 2014  |  7203 views  |  21 News

Nearly half of Brits have no intention of using the bank-backed Paym person-to-person mobile payments service, which launches tomorrow, according to a survey from Consumer Intelligence.


UK moves to help customers recover payments sent to wrong accounts

24 April 2014  |  1317 views  |  0 Company announcement

People who accidentally send a payment to the wrong account can expect consistent, standardised and swifter help from May 2014, following the publication of a Code of Best Practice by the Payments Council today.


UK Payments Council claims account switching service success

14 April 2014  |  928 views  |  0 Company announcement

The Payments Council published a six-month dashboard for the new Current Account Switch Service, covering the period from the start of October 2013 to the end of March 2014.


UK's Paym P2P mobile payments service set for 29 April launch

02 April 2014  |  10884 views  |  17 News

Person-to-person mobile payments service Paym will be rolled out by Britain's banks at the end of this month.


UK banks gear up for launch of Paym P2P mobile payments service

10 March 2014  |  10492 views  |  16 News

The person-to-person mobile payments service being prepped by Britain's banks for a launch later this year has been christened Paym.


Chaps celebrates 30th anniversary

05 February 2014  |  638 views  |  0 Company announcement

Key members of London's financial community came together in London yesterday (Tuesday 4 February) to mark the 30th anniversary of CHAPS (the UK's high-value same-day payments system) and to highlight its continued key role in the UK's economic infrastructure.


UK account switching service prompts Brits to move banks

16 January 2014  |  2221 views  |  0 Company announcement

The Payments Council today (16 January) published its first quarterly switching dashboard which shows that the new switching service has got off to an encouraging start since its launch on 16 September 2013.


Five international banks to join Chaps

20 December 2013  |  1650 views  |  0 Company announcement

CHAPS Clearing Company Limited, the UK payments system that processes and settles both systemically important and time-dependent payments, today (Friday 20th December), announced that it has received Letters of Intent from five major international banks to become Direct Participants.


Payments Council forecasts a bumper Christmas for retailers

22 November 2013  |  3408 views  |  1 News

The Payments Council is forecasting a bumper Christmas for retailers as it estimates that spending on cards, cash and cheques will reach £82.7bn in December, an increase of 1.2% from 2012 (£81.7bn).


Handelsbanken becomes shareholder in Chaps

11 November 2013  |  1157 views  |  0 Company announcement

As it approaches its 30th anniversary in February 2014, Chaps Clearing Company Ltd (also known as Chaps Co), the UK's same day high value payment system, is pleased to announce that Handelsbanken (Svenska Handelsbanken AB (Publ)) has become a shareholder and Direct Participant in Chaps.

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