The Bank of England said on Thursday that issues affecting its CHAPS service had now been resolved. "We are pleased to confirm that the third party supplier has restored service following their ...

Executives from two Fintech companies believe this week’s system outages could hurt SMEs the most and highlight the need for additional resiliency in an increasingly connected world. The past seven ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Chaps is used for processing large time-sensitive payments ...

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) ...

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) on ...

The Bank of England (the “Bank”) published a consultation paper (the “CP”) on 29 July 2025 seeking views on its proposal to extend Real-Time Gross Settlement (“RTGS”) and CHAPS operating hours.